Main Management ETF Advisors LLC Makes New $831,000 Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Main Management ETF Advisors LLC acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,072 shares of the technology company’s stock, valued at approximately $831,000.

Several other hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Ziff Davis by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock valued at $113,255,000 after purchasing an additional 257,056 shares in the last quarter. AQR Capital Management LLC raised its stake in Ziff Davis by 453.7% during the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after acquiring an additional 228,257 shares in the last quarter. Empowered Funds LLC acquired a new position in Ziff Davis during the third quarter worth $7,210,000. Public Sector Pension Investment Board acquired a new stake in shares of Ziff Davis in the third quarter valued at $4,618,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Ziff Davis in the third quarter valued at $4,263,000. 99.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a report on Friday, September 6th. Barclays raised 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. Finally, UBS Group reduced their target price on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a 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 data from MarketBeat.com, Ziff Davis has a consensus rating of “Moderate Buy” and an average price target of $69.71.

Ziff Davis Stock Up 1.1 %

Shares of Ziff Davis stock opened at $58.38 on Friday. The firm has a market cap of $2.50 billion, a PE ratio of 49.47 and a beta of 1.35. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The business’s 50 day simple moving average is $51.09 and its 200 day simple moving average is $50.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

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.