Invenomic Capital Management LP Has $4.92 Million Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Invenomic Capital Management LP trimmed its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 16.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,176 shares of the technology company’s stock after selling 19,533 shares during the quarter. Invenomic Capital Management LP owned approximately 0.24% of Ziff Davis worth $4,923,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Ziff Davis by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,316 shares of the technology company’s stock worth $1,849,000 after buying an additional 995 shares during the period. Wesbanco Bank Inc. raised its position in shares of Ziff Davis by 48.6% in the second quarter. Wesbanco Bank Inc. now owns 18,946 shares of the technology company’s stock valued at $1,043,000 after purchasing an additional 6,200 shares during the period. Cardinal Capital Management boosted its holdings in Ziff Davis by 18.3% in the 2nd quarter. Cardinal Capital Management now owns 30,101 shares of the technology company’s stock worth $1,657,000 after buying an additional 4,647 shares during the period. QRG Capital Management Inc. raised its holdings in Ziff Davis by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company’s stock valued at $1,003,000 after acquiring an additional 590 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Ziff Davis by 142.3% in the second quarter. SG Americas Securities LLC now owns 11,745 shares of the technology company’s stock worth $647,000 after acquiring an additional 6,897 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Trading Up 1.9 %

NASDAQ:ZD opened at $59.99 on Tuesday. The company has a market cap of $2.56 billion, a PE ratio of 50.84 and a beta of 1.35. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $50.28 and a two-hundred day simple moving average of $50.33.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZD shares. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a report on Friday, September 6th. Citigroup reduced their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Barclays raised 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, UBS Group cut their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.71.

Ziff Davis 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.