Invenomic Capital Management LP Has $15.56 Million Holdings in Ziff Davis, Inc. $ZD

Invenomic Capital Management LP boosted its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 86.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 408,449 shares of the technology company’s stock after buying an additional 188,844 shares during the period. Invenomic Capital Management LP’s holdings in Ziff Davis were worth $15,562,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ZD. Gotham Asset Management LLC boosted its stake in shares of Ziff Davis by 2.6% in the 3rd quarter. Gotham Asset Management LLC now owns 55,059 shares of the technology company’s stock valued at $2,098,000 after purchasing an additional 1,415 shares in the last quarter. Creative Planning increased its position in shares of Ziff Davis by 69.8% during the 3rd quarter. Creative Planning now owns 29,025 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 11,927 shares in the last quarter. Amundi lifted its holdings in Ziff Davis by 374.3% during the 3rd quarter. Amundi now owns 125,475 shares of the technology company’s stock valued at $4,960,000 after purchasing an additional 99,018 shares during the last quarter. Freestone Grove Partners LP bought a new position in Ziff Davis during the 3rd quarter valued at about $250,000. Finally, Two Sigma Investments LP acquired a new position in Ziff Davis in the third quarter valued at about $1,205,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZD has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Ziff Davis from $29.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Evercore reissued an “outperform” rating and issued a $46.00 target price on shares of Ziff Davis in a report on Tuesday, February 24th. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, January 21st. UBS Group dropped their price target on Ziff Davis from $38.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ziff Davis currently has an average rating of “Hold” and an average price target of $41.13.

Ziff Davis Trading Down 0.0%

ZD stock opened at $39.46 on Monday. 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, Inc. has a twelve month low of $22.45 and a twelve month high of $50.55. The company has a market cap of $1.49 billion, a P/E ratio of 35.87 and a beta of 1.50. The business has a fifty day moving average of $35.32 and a 200-day moving average of $35.49.

About Ziff Davis

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.