Range Financial Group LLC Invests $1.30 Million in Ziff Davis, Inc. $ZD

Range Financial Group LLC bought a new stake in Ziff Davis, Inc. (NASDAQ:ZD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,903 shares of the technology company’s stock, valued at approximately $1,297,000.

A number of other hedge funds have also recently modified their holdings of ZD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Ziff Davis by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock valued at $6,037,000 after acquiring an additional 3,696 shares during the last quarter. Creative Planning increased its position in shares of Ziff Davis by 87.5% during the second quarter. Creative Planning now owns 17,098 shares of the technology company’s stock worth $518,000 after purchasing an additional 7,978 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Ziff Davis by 26.8% during the second quarter. Franklin Resources Inc. now owns 27,426 shares of the technology company’s stock worth $830,000 after purchasing an additional 5,803 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Ziff Davis by 12.8% in the 2nd quarter. American Century Companies Inc. now owns 93,221 shares of the technology company’s stock valued at $2,822,000 after purchasing an additional 10,606 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Ziff Davis by 3.4% in the 2nd quarter. Prudential Financial Inc. now owns 84,948 shares of the technology company’s stock valued at $2,571,000 after purchasing an additional 2,773 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ZD shares. JPMorgan Chase & Co. dropped their price target on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. UBS Group reduced their price objective on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Zacks Research raised Ziff Davis from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 price target on shares of Ziff Davis in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.13.

Ziff Davis Stock Performance

NASDAQ ZD opened at $41.92 on Tuesday. The firm has a market cap of $1.59 billion, a P/E ratio of 38.11 and a beta of 1.50. Ziff Davis, Inc. has a 52-week low of $22.45 and a 52-week high of $50.55. The business’s 50-day moving average price is $36.79 and its 200 day moving average price is $35.86. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

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.