Seizert Capital Partners LLC Sells 795 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Seizert Capital Partners LLC reduced its position in Ziff Davis, Inc. (NASDAQ:ZD) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 59,270 shares of the technology company’s stock after selling 795 shares during the quarter. Seizert Capital Partners LLC’s holdings in Ziff Davis were worth $2,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Ziff Davis by 14.3% in 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 buying an additional 257,056 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ziff Davis by 453.7% during the 2nd 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 Ziff Davis during the 3rd quarter worth approximately $7,210,000. Robeco Institutional Asset Management B.V. bought a new position in Ziff Davis in the 3rd quarter valued at approximately $4,263,000. Finally, International Assets Investment Management LLC boosted its position in Ziff Davis by 31,812.6% in the third quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock valued at $3,199,000 after buying an additional 65,534 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZD. Barclays upped their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Citigroup lowered their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research note 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.29.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $55.10 on Friday. The company has a market capitalization of $2.35 billion, a PE ratio of 46.70 and a beta of 1.29. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.91 and a current ratio of 1.42. The company has a 50 day simple moving average of $48.58 and a two-hundred day simple moving average of $50.15.

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.