GSA Capital Partners LLP Has $1.75 Million Stock Position in Ziff Davis, Inc. $ZD

GSA Capital Partners LLP lessened its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 60.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,010 shares of the technology company’s stock after selling 69,771 shares during the quarter. GSA Capital Partners LLP owned about 0.11% of Ziff Davis worth $1,753,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Ziff Davis by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock worth $32,730,000 after purchasing an additional 18,577 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Ziff Davis by 23.9% in the third quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock valued at $9,129,000 after buying an additional 46,282 shares in the last quarter. Empowered Funds LLC raised its position in Ziff Davis by 19.8% in the 2nd quarter. Empowered Funds LLC now owns 215,503 shares of the technology company’s stock valued at $6,523,000 after purchasing an additional 35,621 shares during the last quarter. Cresset Asset Management LLC bought a new stake in Ziff Davis during the 2nd quarter worth about $1,286,000. Finally, Bank of Montreal Can lifted its holdings in Ziff Davis by 84.4% during the 2nd quarter. Bank of Montreal Can now owns 12,472 shares of the technology company’s stock worth $378,000 after buying an additional 5,709 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ZD shares. UBS Group cut their price target on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Zacks Research raised Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen cut Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Barclays cut their price target on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $37.50.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $30.19 on Wednesday. The stock has a fifty day moving average of $35.56 and a 200-day moving average of $35.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.61. Ziff Davis, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $54.38. The stock has a market cap of $1.19 billion, a PE ratio of 11.98 and a beta of 1.46.

About Ziff Davis

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.