CDAM UK Ltd Cuts Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

CDAM UK Ltd lowered its position in Ziff Davis, Inc. (NASDAQ:ZD) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,279,789 shares of the technology company’s stock after selling 30,706 shares during the period. Ziff Davis makes up approximately 9.2% of CDAM UK Ltd’s investment portfolio, making the stock its 7th biggest holding. CDAM UK Ltd owned approximately 2.99% of Ziff Davis worth $62,275,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in Ziff Davis by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock valued at $204,227,000 after buying an additional 10,303 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ziff Davis by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after acquiring an additional 257,056 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ziff Davis by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock valued at $33,845,000 after purchasing an additional 60,472 shares during the period. Rice Hall James & Associates LLC grew its stake in Ziff Davis by 11.0% in the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock worth $24,394,000 after purchasing an additional 49,510 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Ziff Davis by 21.4% during the 2nd quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock worth $19,820,000 after purchasing an additional 63,458 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of ZD opened at $58.24 on Monday. The company has a 50 day moving average of $49.44 and a two-hundred day moving average of $50.23. 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 twelve month low of $37.76 and a twelve month high of $70.90. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 49.36 and a beta of 1.29.

Analyst Ratings Changes

ZD has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Barclays boosted their price objective 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. Finally, Citigroup dropped their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

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.