Guggenheim Capital LLC Sells 25,530 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Guggenheim Capital LLC lowered its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD – Get Rating) by 70.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,636 shares of the technology company’s stock after selling 25,530 shares during the period. Guggenheim Capital LLC’s holdings in Ziff Davis were worth $728,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Nuveen Asset Management LLC raised its stake in shares of Ziff Davis by 6.2% during the third quarter. Nuveen Asset Management LLC now owns 527,122 shares of the technology company’s stock valued at $36,097,000 after acquiring an additional 30,842 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Ziff Davis by 1.5% during the third quarter. MetLife Investment Management LLC now owns 54,088 shares of the technology company’s stock valued at $3,704,000 after acquiring an additional 813 shares during the last quarter. CenterBook Partners LP raised its stake in shares of Ziff Davis by 33.0% during the third quarter. CenterBook Partners LP now owns 6,927 shares of the technology company’s stock valued at $474,000 after acquiring an additional 1,717 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Ziff Davis by 622.0% during the third quarter. Quadrant Capital Group LLC now owns 722 shares of the technology company’s stock worth $49,000 after buying an additional 622 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Ziff Davis by 5.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,021,835 shares of the technology company’s stock worth $69,978,000 after buying an additional 52,314 shares during the period. Institutional investors own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ZD. TheStreet upgraded shares of Ziff Davis from a “c+” rating to a “b-” rating in a research report on Tuesday, November 29th. Barclays began coverage on shares of Ziff Davis in a research report on Friday, January 6th. They set an “equal weight” rating and a $88.00 price objective for the company. JPMorgan Chase & Co. cut shares of Ziff Davis from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $115.00 to $85.00 in a research report on Tuesday, December 20th. Robert W. Baird decreased their price objective on shares of Ziff Davis from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. Finally, Citigroup reduced their price target on shares of Ziff Davis from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, February 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned 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 $98.80.

Ziff Davis Stock Down 2.2 %

Shares of NASDAQ:ZD opened at $76.05 on Friday. The business’s 50 day simple moving average is $84.17 and its two-hundred day simple moving average is $80.80. The firm has a market cap of $3.59 billion, a P/E ratio of 60.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.51 and a current ratio of 2.51. Ziff Davis, Inc. has a 52-week low of $66.85 and a 52-week high of $103.87.

Ziff Davis Profile

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Ziff Davis, Inc is a digital media and internet company. It operates through the following segments: Digital Media and Cybersecurity and Martech. The Digital Media segment consists of 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.