State of Michigan Retirement System Sells 200 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

State of Michigan Retirement System lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZDGet Rating) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,040 shares of the technology company’s stock after selling 200 shares during the period. State of Michigan Retirement System’s holdings in Ziff Davis were worth $897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ZD. Harbor Investment Advisory LLC grew its position in shares of Ziff Davis by 21.1% in the second quarter. Harbor Investment Advisory LLC now owns 879 shares of the technology company’s stock valued at $66,000 after purchasing an additional 153 shares during the last quarter. New York State Teachers Retirement System increased its position in Ziff Davis by 0.3% during the 2nd quarter. New York State Teachers Retirement System now owns 67,542 shares of the technology company’s stock worth $5,034,000 after buying an additional 209 shares during the period. Zions Bancorporation N.A. acquired a new stake in shares of Ziff Davis during the first quarter worth $25,000. Whittier Trust Co. bought a new stake in shares of Ziff Davis in the first quarter valued at about $26,000. Finally, JJJ Advisors Inc. acquired a new position in shares of Ziff Davis in the first quarter valued at about $30,000. Institutional investors and hedge funds own 99.02% of the company’s stock.

Wall Street Analyst Weigh In

ZD has been the subject of several analyst reports. Susquehanna Bancshares dropped their price objective on shares of Ziff Davis from $140.00 to $120.00 and set a “positive” rating for the company in a research note on Thursday, August 11th. Evercore ISI initiated coverage on Ziff Davis in a research report on Tuesday, September 20th. They set an “outperform” rating and a $90.00 price target on the stock. Susquehanna dropped their price objective on Ziff Davis from $140.00 to $120.00 and set a “positive” rating for the company in a report on Thursday, August 11th. Royal Bank of Canada reduced their target price on Ziff Davis from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. Finally, JMP Securities dropped their price target on Ziff Davis from $110.00 to $100.00 and set a “market outperform” rating for the company in a research note on Thursday, August 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $103.57.

Insider Buying and Selling

In other news, EVP Jeremy Rossen sold 2,199 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $85.68, for a total value of $188,410.32. Following the completion of the transaction, the executive vice president now directly owns 5,898 shares in the company, valued at approximately $505,340.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Ziff Davis Stock Down 1.4 %

Shares of NASDAQ ZD opened at $86.80 on Tuesday. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 11.89 and a beta of 1.05. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.58. Ziff Davis, Inc. has a 12 month low of $66.85 and a 12 month high of $129.39. The stock has a 50-day moving average price of $74.65 and a two-hundred day moving average price of $77.46.

Ziff Davis Profile

(Get Rating)

Ziff Davis, Inc, together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.

Featured Stories

Want to see what other hedge funds are holding ZD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ziff Davis, Inc. (NASDAQ:ZDGet Rating).

Institutional Ownership by Quarter for Ziff Davis (NASDAQ:ZD)

Receive News & Ratings for Ziff Davis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ziff Davis and related companies with MarketBeat.com's FREE daily email newsletter.