Bastion Asset Management Inc. Has $2.42 Million Stock Holdings in Ziff Davis, Inc. $ZD

Bastion Asset Management Inc. boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 92.2% in the third quarter, Holdings Channel reports. The firm owned 63,950 shares of the technology company’s stock after purchasing an additional 30,679 shares during the period. Ziff Davis accounts for 1.4% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Bastion Asset Management Inc.’s holdings in Ziff Davis were worth $2,423,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ZD. First Horizon Corp bought a new position in shares of Ziff Davis during the third quarter worth $35,000. Allworth Financial LP increased its position in shares of Ziff Davis by 149.8% in the 2nd quarter. Allworth Financial LP now owns 1,029 shares of the technology company’s stock valued at $31,000 after buying an additional 617 shares in the last quarter. Blue Trust Inc. raised its stake in Ziff Davis by 30.2% during the 3rd quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after buying an additional 295 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Ziff Davis by 60.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,412 shares of the technology company’s stock worth $73,000 after acquiring an additional 905 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in Ziff Davis by 29.2% during the third quarter. Central Pacific Bank Trust Division now owns 4,110 shares of the technology company’s stock worth $157,000 after acquiring an additional 930 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

ZD has been the subject of several recent analyst reports. Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays lowered their target price on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Citigroup cut their price target on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. UBS Group lowered their price objective on shares of Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.50.

Ziff Davis Stock Performance

Shares of ZD opened at $30.50 on Monday. Ziff Davis, Inc. has a 12 month low of $28.55 and a 12 month high of $54.89. The firm has a fifty day simple moving average of $35.73 and a 200 day simple moving average of $35.58. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 12.10 and a beta of 1.46. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.