Nordea Investment Management AB Sells 228,902 Shares of Ziff Davis, Inc. $ZD

Nordea Investment Management AB trimmed its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 766,255 shares of the technology company’s stock after selling 228,902 shares during the quarter. Nordea Investment Management AB’s holdings in Ziff Davis were worth $27,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ZD. GAMMA Investing LLC raised its holdings in shares of Ziff Davis by 207.1% in the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after acquiring an additional 611 shares in the last quarter. First Horizon Corp bought a new stake in shares of Ziff Davis during the 3rd quarter valued at about $35,000. Blue Trust Inc. grew its holdings in shares of Ziff Davis by 30.2% during the third quarter. Blue Trust Inc. now owns 1,273 shares of the technology company’s stock worth $49,000 after purchasing an additional 295 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Ziff Davis by 568.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,568 shares of the technology company’s stock worth $138,000 after purchasing an additional 3,885 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Ziff Davis in the second quarter valued at approximately $145,000. 99.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. UBS Group decreased their price target on shares of Ziff Davis from $38.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. 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. JPMorgan Chase & Co. dropped their price objective on shares of Ziff Davis from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 target price on shares of Ziff Davis in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Ziff Davis currently has an average rating of “Hold” and a consensus price target of $41.13.

Ziff Davis Stock Up 1.1%

Shares of ZD opened at $43.81 on Wednesday. Ziff Davis, Inc. has a 1 year low of $22.45 and a 1 year high of $50.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a 50 day simple moving average of $36.36 and a two-hundred day simple moving average of $35.73. The firm has a market cap of $1.65 billion, a P/E ratio of 39.83 and a beta of 1.50.

Ziff Davis 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.