Brave Asset Management Inc. Boosts Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Brave Asset Management Inc. raised its position in Ziff Davis, Inc. (NASDAQ:ZD) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,527 shares of the technology company’s stock after purchasing an additional 13,659 shares during the period. Ziff Davis accounts for 6.3% of Brave Asset Management Inc.’s investment portfolio, making the stock its 5th biggest position. Brave Asset Management Inc. owned about 0.85% of Ziff Davis worth $19,754,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position in shares of Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after purchasing an additional 249 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Ziff Davis by 1.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company’s stock worth $856,000 after buying an additional 250 shares in the last quarter. 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 worth $133,000 after buying an additional 480 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Ziff Davis during the 2nd quarter valued at $38,000. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Ziff Davis by 7.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,190 shares of the technology company’s stock worth $561,000 after acquiring an additional 711 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on ZD shares. UBS Group reduced their target price on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. Barclays raised their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.71.

Ziff Davis Price Performance

ZD opened at $53.21 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s 50 day simple moving average is $56.17 and its 200 day simple moving average is $50.40. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 45.09 and a beta of 1.36. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90.

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.