Petrus Trust Company LTA Acquires Shares of 16,053 Ziff Davis, Inc. (NASDAQ:ZD)

Petrus Trust Company LTA acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,053 shares of the technology company’s stock, valued at approximately $781,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Ziff Davis by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after buying an additional 257,056 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Ziff Davis by 453.7% in the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock valued at $15,204,000 after purchasing an additional 228,257 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Ziff Davis in the third quarter valued at approximately $7,210,000. Public Sector Pension Investment Board acquired a new stake in Ziff Davis during the 3rd quarter worth approximately $4,618,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Ziff Davis in the 3rd quarter valued at $4,263,000. 99.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZD has been the subject of several analyst reports. UBS Group dropped their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays boosted their price target on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Citigroup lowered their price objective on 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, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.71.

Ziff Davis Stock Performance

Ziff Davis stock opened at $59.42 on Wednesday. The business has a 50 day moving average of $50.48 and a 200-day moving average of $50.34. The company has a market capitalization of $2.54 billion, a P/E ratio of 50.36 and a beta of 1.35. 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 current ratio of 1.42 and a quick ratio of 1.42.

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.