Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 26.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 606 shares of the technology company’s stock after selling 214 shares during the period. First Horizon Advisors Inc.’s holdings in Ziff Davis were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ZD. Rothschild Investment LLC acquired a new stake in Ziff Davis in the 2nd quarter valued at about $25,000. Quest Partners LLC acquired a new stake in shares of Ziff Davis in the second quarter valued at approximately $38,000. Innealta Capital LLC acquired a new stake in shares of Ziff Davis in the second quarter valued at approximately $75,000. Blue Trust Inc. increased its stake in shares of Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after purchasing an additional 708 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Ziff Davis during the 2nd quarter worth approximately $93,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZD. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Citigroup dropped their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Barclays upped their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Ziff Davis has a consensus rating of “Moderate Buy” and an average target price of $71.29.

Ziff Davis Stock Down 0.4 %

ZD opened at $58.01 on Tuesday. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The business has a 50-day moving average of $49.60 and a two-hundred day moving average of $50.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 49.16 and a beta of 1.29.

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.