Ziff Davis, Inc. (NASDAQ:ZD) Stake Boosted by Bridge City Capital LLC

Bridge City Capital LLC increased its position in Ziff Davis, Inc. (NASDAQ:ZD) by 1.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 51,182 shares of the technology company’s stock after acquiring an additional 658 shares during the period. Bridge City Capital LLC’s holdings in Ziff Davis were worth $1,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its position in Ziff Davis by 369.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock valued at $23,626,000 after acquiring an additional 342,207 shares during the period. Janus Henderson Group PLC grew its holdings in Ziff Davis by 8.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after acquiring an additional 272,895 shares during the period. Legal & General Group Plc grew its stake in shares of Ziff Davis by 12.4% during the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after purchasing an additional 267,436 shares during the period. CDAM UK Ltd raised its position in shares of Ziff Davis by 16.6% in the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock valued at $81,122,000 after acquiring an additional 213,071 shares during the period. Finally, Ruffer LLP acquired a new stake in Ziff Davis in the fourth quarter worth $7,946,000. Institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZD. Citigroup lowered their price objective on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. UBS Group set a $40.00 price target on shares of Ziff Davis and gave the stock a “neutral” rating in a research report on Wednesday, May 14th. Barclays decreased their target price on Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 13th. Susquehanna cut their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. downgraded shares of Ziff Davis from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.00.

Ziff Davis Price Performance

Shares of NASDAQ:ZD opened at $33.30 on Monday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.22 and a beta of 1.60. The stock’s 50 day moving average is $32.09 and its 200-day moving average is $44.36. Ziff Davis, Inc. has a twelve month low of $29.15 and a twelve month high of $60.62. 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 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.