Principal Financial Group Inc. Purchases 17,429 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Principal Financial Group Inc. boosted its position in Ziff Davis, Inc. (NASDAQ:ZDGet Rating) by 10.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,615 shares of the technology company’s stock after purchasing an additional 17,429 shares during the quarter. Principal Financial Group Inc. owned about 0.39% of Ziff Davis worth $13,760,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its holdings in Ziff Davis by 11.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 28,858 shares of the technology company’s stock valued at $2,151,000 after acquiring an additional 2,962 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Ziff Davis during the 1st quarter valued at about $125,000. Jennison Associates LLC boosted its position in shares of Ziff Davis by 9.2% during the 2nd quarter. Jennison Associates LLC now owns 17,778 shares of the technology company’s stock valued at $1,325,000 after purchasing an additional 1,496 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Ziff Davis during the 1st quarter valued at about $29,116,000. Finally, Bank of New York Mellon Corp acquired a new position in Ziff Davis during the 1st quarter worth approximately $69,176,000. 99.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ziff Davis

In related news, EVP Jeremy Rossen sold 2,199 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were 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 document filed with the SEC, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

Ziff Davis Stock Up 1.9 %

NASDAQ ZD opened at $89.85 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $4.24 billion, a PE ratio of 12.31 and a beta of 1.05. Ziff Davis, Inc. has a 1 year low of $66.85 and a 1 year high of $116.94. The business’s 50-day moving average is $76.68 and its 200 day moving average is $77.67.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Evercore ISI assumed coverage on Ziff Davis in a research note on Tuesday, September 20th. They set an “outperform” rating and a $90.00 price target on the stock. Susquehanna Bancshares lowered their price objective on Ziff Davis from $140.00 to $120.00 and set a “positive” rating for the company in a research note on Thursday, August 11th. Robert W. Baird lowered their price objective on Ziff Davis from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, November 10th. Royal Bank of Canada lowered their price objective on Ziff Davis from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, August 11th. Finally, Susquehanna lowered their price objective on Ziff Davis from $140.00 to $120.00 and set a “positive” rating for the company in a research note on Thursday, August 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ziff Davis has a consensus rating of “Buy” and a consensus target price of $103.57.

Ziff Davis Company 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.

Read More

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.