Ziff Davis, Inc. (NASDAQ:ZD) Holdings Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in Ziff Davis, Inc. (NASDAQ:ZD) by 22.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,149 shares of the technology company’s stock after selling 79,881 shares during the quarter. Retirement Systems of Alabama owned approximately 0.66% of Ziff Davis worth $13,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ZD. Dimensional Fund Advisors LP increased its holdings in shares of Ziff Davis by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after acquiring an additional 257,056 shares during the last quarter. AQR Capital Management LLC boosted its position 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 valued at $15,204,000 after purchasing an additional 228,257 shares during the period. Empowered Funds LLC acquired a new position in Ziff Davis during the 3rd quarter valued at approximately $7,210,000. Public Sector Pension Investment Board acquired a new position in Ziff Davis during the 3rd quarter valued at approximately $4,618,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Ziff Davis during the 3rd quarter valued at approximately $4,263,000. 99.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Finally, UBS Group reduced their price objective on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.71.

Ziff Davis Trading Down 2.0 %

Shares of ZD stock opened at $57.75 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. The stock has a fifty day moving average of $52.32 and a two-hundred day moving average of $50.52. The firm has a market capitalization of $2.47 billion, a PE ratio of 48.94 and a beta of 1.35.

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.