Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lessened its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 254,797 shares of the technology company’s stock after selling 2,152 shares during the period. Glenmede Trust Co. NA owned about 0.60% of Ziff Davis worth $12,398,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ZD. Charles Schwab Investment Management Inc. grew its position in Ziff Davis by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock valued at $33,845,000 after acquiring an additional 60,472 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Ziff Davis by 213.6% in the third quarter. Intech Investment Management LLC now owns 12,689 shares of the technology company’s stock valued at $617,000 after purchasing an additional 8,643 shares in the last quarter. Empowered Funds LLC purchased a new stake in Ziff Davis during the 3rd quarter worth approximately $7,210,000. CIBC Asset Management Inc acquired a new stake in Ziff Davis during the 3rd quarter worth approximately $217,000. Finally, Victory Capital Management Inc. lifted its holdings in Ziff Davis by 69.8% during the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock worth $2,623,000 after buying an additional 22,155 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Trading Up 2.0 %

ZD opened at $58.85 on Friday. The business’s 50-day simple moving average is $49.93 and its 200-day simple moving average is $50.38. The company has a market cap of $2.52 billion, a P/E ratio of 48.91 and a beta of 1.29. Ziff Davis, Inc. has a one year low of $37.76 and a one year high of $70.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup cut their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Barclays upped their price target on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.29.

Ziff Davis Company 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.