Mitsubishi UFJ Trust & Banking Corp Sells 17,903 Shares of Ziff Davis, Inc. $ZD

Mitsubishi UFJ Trust & Banking Corp reduced its position in Ziff Davis, Inc. (NASDAQ:ZD) by 19.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,123 shares of the technology company’s stock after selling 17,903 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ziff Davis were worth $2,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH increased its stake in Ziff Davis by 23.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock worth $9,129,000 after buying an additional 46,282 shares during the period. LSV Asset Management grew its holdings in Ziff Davis by 75.6% during the 3rd quarter. LSV Asset Management now owns 772,700 shares of the technology company’s stock worth $29,440,000 after acquiring an additional 332,674 shares in the last quarter. Invenomic Capital Management LP grew its holdings in Ziff Davis by 86.0% during the 3rd quarter. Invenomic Capital Management LP now owns 408,449 shares of the technology company’s stock worth $15,562,000 after acquiring an additional 188,844 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Ziff Davis in the 4th quarter valued at $1,297,000. Finally, Bastion Asset Management Inc. boosted its holdings in shares of Ziff Davis by 92.2% in the 3rd quarter. Bastion Asset Management Inc. now owns 63,950 shares of the technology company’s stock valued at $2,423,000 after buying an additional 30,679 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Ziff Davis stock opened at $45.62 on Tuesday. Ziff Davis, Inc. has a 12-month low of $22.45 and a 12-month high of $50.55. The stock has a market capitalization of $1.73 billion, a P/E ratio of 41.47 and a beta of 1.14. The firm’s 50-day moving average is $41.57 and its two-hundred day moving average is $37.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ZD shares. Royal Bank Of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Ziff Davis in a report on Tuesday, February 24th. Zacks Research upgraded shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price target on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Citigroup increased their price objective on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Ziff Davis currently has a consensus rating of “Hold” and an average price target of $41.13.

Ziff Davis Profile

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.