Ziff Davis, Inc. $ZD Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 53.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,697 shares of the technology company’s stock after acquiring an additional 11,065 shares during the quarter. State of Alaska Department of Revenue owned about 0.08% of Ziff Davis worth $1,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Ziff Davis by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock worth $6,037,000 after purchasing an additional 3,696 shares during the period. Invesco Ltd. lifted its stake in shares of Ziff Davis by 1.3% in the 2nd quarter. Invesco Ltd. now owns 188,595 shares of the technology company’s stock valued at $5,709,000 after purchasing an additional 2,347 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Ziff Davis by 46.2% in the 2nd quarter. First Trust Advisors LP now owns 100,549 shares of the technology company’s stock valued at $3,044,000 after purchasing an additional 31,765 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Ziff Davis in the 2nd quarter valued at $927,000. Finally, Cerity Partners LLC acquired a new position in shares of Ziff Davis in the 2nd quarter valued at $380,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZD has been the topic of several recent analyst reports. Barclays upped their price target on Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. UBS Group decreased their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Evercore reissued an “outperform” rating and issued a $46.00 price target on shares of Ziff Davis in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price target on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, Citigroup boosted their price target on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ziff Davis currently has a consensus rating of “Hold” and an average price target of $41.13.

Ziff Davis Price Performance

Ziff Davis stock opened at $47.24 on Wednesday. The company’s 50 day simple moving average is $39.27 and its 200-day simple moving average is $36.62. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 42.95 and a beta of 1.14. Ziff Davis, Inc. has a 1 year low of $22.45 and a 1 year high of $50.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 1.27.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.