Edgestream Partners L.P. Acquires New Shares in Ziff Davis, Inc. (NASDAQ:ZD)

Edgestream Partners L.P. acquired a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 64,011 shares of the technology company’s stock, valued at approximately $3,115,000. Edgestream Partners L.P. owned approximately 0.15% of Ziff Davis as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted 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 buying an additional 257,056 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Ziff Davis by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock worth $33,845,000 after buying an additional 60,472 shares during the period. Rice Hall James & Associates LLC lifted its holdings in Ziff Davis by 11.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock worth $24,394,000 after buying an additional 49,510 shares during the period. Retirement Systems of Alabama lifted its holdings in Ziff Davis by 21.4% during the 2nd quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock worth $19,820,000 after buying an additional 63,458 shares during the period. Finally, AQR Capital Management LLC lifted 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 buying an additional 228,257 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Up 2.0 %

Shares of NASDAQ:ZD opened at $58.85 on Monday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 49.87 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The business’s 50-day moving average is $50.08 and its 200-day moving average is $50.36. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90.

Analyst Upgrades and Downgrades

Several research analysts have commented on ZD shares. Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Citigroup cut their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Ziff Davis in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.29.

About Ziff Davis

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.