Aequim Alternative Investments LP Cuts Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Aequim Alternative Investments LP lessened its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 73.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,314 shares of the technology company’s stock after selling 51,786 shares during the quarter. Aequim Alternative Investments LP’s holdings in Ziff Davis were worth $891,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. GHP Investment Advisors Inc. raised its holdings in shares of Ziff Davis by 1.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company’s stock worth $856,000 after acquiring an additional 250 shares in the last quarter. Arizona State Retirement System raised its stake in Ziff Davis by 2.2% during the second quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock valued at $711,000 after purchasing an additional 275 shares in the last quarter. Rothschild Investment LLC bought a new position in Ziff Davis during the second quarter valued at $25,000. Central Pacific Bank Trust Division grew its stake in shares of Ziff Davis by 21.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,730 shares of the technology company’s stock worth $133,000 after buying an additional 480 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Ziff Davis by 3.3% in the 2nd quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company’s stock worth $1,003,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ZD has been the topic of several recent research reports. UBS Group decreased their price target on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Finally, Barclays lifted their price target on shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ziff Davis presently has a consensus rating of “Moderate Buy” and an average price target of $69.71.

Ziff Davis Stock Performance

ZD stock opened at $58.76 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The business has a 50-day moving average price of $51.30 and a 200 day moving average price of $50.43. The company has a market capitalization of $2.51 billion, a P/E ratio of 49.80 and a beta of 1.35.

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.