Ziff Davis, Inc. (NASDAQ:ZD) Stake Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 37.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,516 shares of the technology company’s stock after buying an additional 4,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ziff Davis were worth $621,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ZD. First Horizon Advisors Inc. lifted its holdings in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after purchasing an additional 260 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Ziff Davis in the 4th quarter worth about $1,283,000. Proficio Capital Partners LLC acquired a new stake in Ziff Davis during the 4th quarter worth about $1,426,000. Versor Investments LP acquired a new stake in Ziff Davis during the 4th quarter worth about $368,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Ziff Davis by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company’s stock valued at $41,187,000 after acquiring an additional 62,402 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Stock Down 4.9%

Shares of NASDAQ:ZD opened at $30.78 on Monday. The company’s fifty day moving average is $31.96 and its 200-day moving average is $43.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a 52 week low of $29.15 and a 52 week high of $60.62. The company has a market capitalization of $1.30 billion, a PE ratio of 26.08 and a beta of 1.60.

Analysts Set New Price Targets

ZD has been the subject of several research reports. UBS Group set a $40.00 price target on shares of Ziff Davis and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Susquehanna cut their target price on shares of Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a research report on Monday, May 12th. Citigroup lowered their price target on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Barclays dropped their price target on shares of Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. cut Ziff Davis from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $47.00.

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.