Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 41.0% during the third quarter, Holdings Channel reports. The firm owned 13,211 shares of the technology company’s stock after selling 9,186 shares during the period. Amalgamated Bank’s holdings in Ziff Davis were worth $643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GHP Investment Advisors Inc. lifted its holdings in shares of Ziff Davis by 1.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company’s stock valued at $856,000 after acquiring an additional 250 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Ziff Davis by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock valued at $711,000 after acquiring an additional 275 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Ziff Davis by 3.1% during the 1st quarter. ProShare Advisors LLC now owns 10,952 shares of the technology company’s stock valued at $690,000 after acquiring an additional 329 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ziff Davis by 0.5% during the 1st quarter. Russell Investments Group Ltd. now owns 80,020 shares of the technology company’s stock valued at $5,044,000 after acquiring an additional 434 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Ziff Davis during the 2nd quarter worth $25,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analysts Set New Price Targets

ZD has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research note on Friday, September 6th. Citigroup dropped their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Barclays lifted their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Ziff Davis has a consensus rating of “Moderate Buy” and an average target price of $71.29.

Ziff Davis Price Performance

ZD opened at $55.10 on Friday. The company has a 50-day moving average of $48.58 and a 200-day moving average of $50.15. The company has a market capitalization of $2.36 billion, a P/E ratio of 46.69 and a beta of 1.29. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.91 and a current ratio of 1.42.

About Ziff Davis

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.