Fisher Asset Management LLC Sells 3,974 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Fisher Asset Management LLC trimmed its position in Ziff Davis, Inc. (NASDAQ:ZD) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,466 shares of the technology company’s stock after selling 3,974 shares during the quarter. Fisher Asset Management LLC owned about 0.26% of Ziff Davis worth $5,667,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of Ziff Davis in the second quarter worth about $25,000. Quest Partners LLC purchased a new position in Ziff Davis in the second quarter worth about $38,000. Innealta Capital LLC purchased a new position in Ziff Davis in the second quarter worth about $75,000. Blue Trust Inc. grew its position in Ziff Davis by 72.4% in the second quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock worth $93,000 after acquiring an additional 708 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Ziff Davis in the second quarter worth about $93,000. 99.76% of the stock is owned by institutional investors.

Ziff Davis Stock Performance

Ziff Davis stock opened at $57.71 on Friday. The company has a 50 day moving average price of $49.83 and a 200-day moving average price of $50.33. 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 fifty-two week low of $37.76 and a fifty-two week high of $70.90. The company has a market capitalization of $2.47 billion, a PE ratio of 48.91 and a beta of 1.29.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup dropped their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Barclays lifted their price target on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Ziff Davis has an average rating of “Moderate Buy” and an average price target of $71.29.

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.