Mountain Pacific Investment Advisers LLC Sells 17,191 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Mountain Pacific Investment Advisers LLC lowered its position in Ziff Davis, Inc. (NASDAQ:ZD) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,182 shares of the technology company’s stock after selling 17,191 shares during the quarter. Mountain Pacific Investment Advisers LLC owned approximately 0.37% of Ziff Davis worth $8,704,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ziff Davis in the 3rd quarter worth approximately $37,000. TD Private Client Wealth LLC lifted its holdings in Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after buying an additional 249 shares during the period. Central Pacific Bank Trust Division increased its holdings 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 valued at $133,000 after acquiring an additional 480 shares during the period. Intech Investment Management LLC purchased a new position in shares of Ziff Davis in the 2nd quarter valued at $223,000. Finally, FORA Capital LLC bought a new position in shares of Ziff Davis in the 3rd quarter worth $210,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Stock Performance

Shares of Ziff Davis stock opened at $54.93 on Tuesday. The firm has a market capitalization of $2.35 billion, a P/E ratio of 46.55 and a beta of 1.36. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.90. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $56.22 and a 200 day moving average price of $50.41.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ZD shares. Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group cut their price objective on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.71.

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.