Rice Hall James & Associates LLC Has $26.82 Million Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Rice Hall James & Associates LLC lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 493,472 shares of the technology company’s stock after selling 7,841 shares during the quarter. Ziff Davis accounts for approximately 1.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 18th biggest position. Rice Hall James & Associates LLC’s holdings in Ziff Davis were worth $26,815,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of Ziff Davis by 69.8% during the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock valued at $2,623,000 after acquiring an additional 22,155 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Ziff Davis during the 3rd quarter valued at $986,000. Virtu Financial LLC acquired a new stake in shares of Ziff Davis during the 3rd quarter valued at $503,000. Empowered Funds LLC acquired a new stake in shares of Ziff Davis during the 3rd quarter valued at $7,210,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Ziff Davis by 36.4% during the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock valued at $10,267,000 after acquiring an additional 56,352 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Down 0.7 %

Shares of NASDAQ:ZD opened at $53.41 on Tuesday. The firm has a market cap of $2.28 billion, a P/E ratio of 45.26 and a beta of 1.36. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.02. The business has a fifty day simple moving average of $54.61 and a 200 day simple moving average of $51.02.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group cut their price objective on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Barclays raised their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis 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.