Elo Mutual Pension Insurance Co Buys 14,394 Shares of Ziff Davis, Inc. $ZD

Elo Mutual Pension Insurance Co increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 91.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,203 shares of the technology company’s stock after buying an additional 14,394 shares during the quarter. Elo Mutual Pension Insurance Co owned 0.07% of Ziff Davis worth $1,151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZD. Blue Trust Inc. lifted its position in shares of Ziff Davis by 30.2% in the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after acquiring an additional 295 shares during the period. California State Teachers Retirement System raised its stake in shares of Ziff Davis by 1.4% in the second quarter. California State Teachers Retirement System now owns 41,167 shares of the technology company’s stock valued at $1,246,000 after purchasing an additional 550 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ziff Davis by 5.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,806 shares of the technology company’s stock worth $327,000 after purchasing an additional 578 shares during the period. Nisa Investment Advisors LLC lifted its position in Ziff Davis by 2.1% in the third quarter. Nisa Investment Advisors LLC now owns 29,628 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 610 shares during the period. Finally, Choreo LLC boosted its stake in Ziff Davis by 4.2% during the third quarter. Choreo LLC now owns 15,352 shares of the technology company’s stock worth $585,000 after buying an additional 614 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZD. Zacks Research upgraded shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Barclays upped their target price on shares of Ziff Davis from $34.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group cut their price target on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Evercore reaffirmed an “outperform” rating and set a $46.00 price objective on shares of Ziff Davis in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 target price on shares of Ziff Davis in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.75.

Ziff Davis Trading Up 1.6%

Shares of ZD opened at $43.65 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 39.68 and a beta of 1.50. The stock has a fifty day moving average price of $34.71 and a two-hundred day moving average price of $35.38. Ziff Davis, Inc. has a 52-week low of $22.45 and a 52-week high of $50.55.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.