Ziff Davis, Inc. (NASDAQ:ZD) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 212,797 shares of the technology company’s stock after buying an additional 5,456 shares during the period. Principal Financial Group Inc. owned 0.50% of Ziff Davis worth $7,997,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Millstone Evans Group LLC purchased a new stake in shares of Ziff Davis during the 4th quarter valued at about $35,000. Quadrant Capital Group LLC increased its holdings in Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after purchasing an additional 488 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Ziff Davis during the 4th quarter worth approximately $37,000. GAMMA Investing LLC increased its holdings in Ziff Davis by 148.4% during the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock worth $27,000 after purchasing an additional 426 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Ziff Davis by 786.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company’s stock valued at $76,000 after acquiring an additional 1,234 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

ZD opened at $30.96 on Wednesday. The business’s 50-day moving average price is $32.18 and its two-hundred day moving average price is $39.66. Ziff Davis, Inc. has a 1 year low of $29.15 and a 1 year high of $60.62. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 18.76 and a beta of 1.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.52.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays cut their price objective on Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, May 13th. Susquehanna cut their target price on Ziff Davis from $80.00 to $45.00 and set a “positive” rating on the stock in a research report on Monday, May 12th. JPMorgan Chase & Co. lowered Ziff Davis from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $60.00 to $33.00 in a research report on Tuesday, April 22nd. UBS Group set a $40.00 target price on Ziff Davis and gave the company a “neutral” rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen downgraded Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.00.

Ziff Davis Profile

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.