Empowered Funds LLC Invests $7.21 Million in Ziff Davis, Inc. (NASDAQ:ZD)

Empowered Funds LLC acquired a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) during the third quarter, HoldingsChannel reports. The fund acquired 148,175 shares of the technology company’s stock, valued at approximately $7,210,000.

Several other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in Ziff Davis by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock worth $204,227,000 after purchasing an additional 10,303 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 acquiring an additional 257,056 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in Ziff Davis by 11.0% during the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after acquiring an additional 49,510 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Ziff Davis by 21.4% in the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company’s stock valued at $19,820,000 after acquiring an additional 63,458 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Ziff Davis by 453.7% in the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock valued at $15,204,000 after acquiring an additional 228,257 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Ziff Davis Stock Down 3.9 %

Shares of ZD stock opened at $55.10 on Friday. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.90. The firm has a market capitalization of $2.36 billion, a PE ratio of 46.69 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.91 and a current ratio of 1.42. The stock’s 50-day simple moving average is $48.58 and its 200-day simple moving average is $50.15.

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.