64,011 Shares in Ziff Davis, Inc. (NASDAQ:ZD) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 64,011 shares of the technology company’s stock, valued at approximately $3,115,000.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Ziff Davis by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after purchasing an additional 257,056 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ziff Davis by 453.7% during the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after purchasing an additional 228,257 shares in the last quarter. Empowered Funds LLC bought a new stake in Ziff Davis during the 3rd quarter worth approximately $7,210,000. Public Sector Pension Investment Board bought a new stake in Ziff Davis during the 3rd quarter worth approximately $4,618,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Ziff Davis during the 3rd quarter worth approximately $4,263,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZD has been the subject of a number of recent research reports. Barclays boosted their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Finally, Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.29.

Ziff Davis Price Performance

Ziff Davis stock opened at $58.85 on Monday. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $50.08 and its 200 day simple moving average is $50.36. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 49.87 and a beta of 1.29.

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.