Ziff Davis, Inc. (NASDAQ:ZD) Position Increased by Maverick Capital Ltd.

Maverick Capital Ltd. raised its position in Ziff Davis, Inc. (NASDAQ:ZD) by 34.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,039 shares of the technology company’s stock after purchasing an additional 10,797 shares during the quarter. Maverick Capital Ltd. owned approximately 0.10% of Ziff Davis worth $2,046,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in shares of Ziff Davis during the 2nd quarter worth $25,000. Quest Partners LLC bought a new position in Ziff Davis during the second quarter valued at about $38,000. Innealta Capital LLC acquired a new stake in shares of Ziff Davis in the second quarter worth about $75,000. Blue Trust Inc. boosted its stake in shares of Ziff Davis by 72.4% during the 2nd 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 acquired a new position in shares of Ziff Davis during the 2nd quarter valued at about $93,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZD has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Barclays upped their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Citigroup lowered their target price on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.29.

Ziff Davis Trading Up 2.0 %

Shares of ZD stock opened at $58.85 on Friday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 49.87 and a beta of 1.29. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. The firm’s fifty day simple moving average is $50.08 and its 200 day simple moving average is $50.40. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

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.