Mountain Pacific Investment Advisers LLC Sells 78,019 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Mountain Pacific Investment Advisers LLC lessened its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 48.7% in the first quarter, Holdings Channel reports. The institutional investor owned 82,163 shares of the technology company’s stock after selling 78,019 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Ziff Davis were worth $3,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZD. Millstone Evans Group LLC purchased a new stake in Ziff Davis during the 4th quarter valued at $35,000. Quadrant Capital Group LLC grew its holdings in shares of Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after acquiring an additional 488 shares during the period. Summit Securities Group LLC bought a new stake in shares of Ziff Davis in the fourth quarter worth $37,000. GAMMA Investing LLC grew its holdings in shares of Ziff Davis by 148.4% in the first quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock worth $27,000 after acquiring an additional 426 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after acquiring an additional 260 shares during the period. Institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

ZD has been the subject of several research analyst reports. UBS Group set a $40.00 price objective on Ziff Davis and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Barclays cut their price objective on Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered Ziff Davis from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. Citigroup cut their price objective on Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, Susquehanna lowered their target price on Ziff Davis from $80.00 to $45.00 and set a “positive” rating on the stock in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.00.

Ziff Davis Price Performance

NASDAQ ZD opened at $30.78 on Monday. The company has a market capitalization of $1.30 billion, a PE ratio of 26.08 and a beta of 1.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The business’s fifty day moving average is $31.96 and its 200 day moving average is $43.49. Ziff Davis, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $60.62.

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.