ArrowMark Colorado Holdings LLC Lowers Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

ArrowMark Colorado Holdings LLC cut its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 18.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,960,232 shares of the technology company’s stock after selling 692,018 shares during the period. Ziff Davis accounts for 1.8% of ArrowMark Colorado Holdings LLC’s holdings, making the stock its 12th biggest holding. ArrowMark Colorado Holdings LLC owned 6.93% of Ziff Davis worth $144,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZD. Dimensional Fund Advisors LP grew its stake in shares of Ziff Davis by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after buying an additional 257,056 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock valued at $33,845,000 after purchasing an additional 60,472 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in Ziff Davis by 11.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after buying an additional 49,510 shares during the period. Retirement Systems of Alabama lifted its position in Ziff Davis by 21.4% in the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock worth $19,820,000 after buying an additional 63,458 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Ziff Davis by 453.7% during the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after buying an additional 228,257 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Up 2.0 %

ZD stock opened at $58.85 on Monday. The firm has a 50 day moving average of $50.08 and a 200 day moving average of $50.36. The stock has a market capitalization of $2.52 billion, a PE ratio of 49.87 and a beta of 1.29. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.90. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

ZD has been the subject of several research reports. Barclays boosted their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Citigroup lowered their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $71.29.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.