Bastion Asset Management Inc. Has $2.42 Million Holdings in Ziff Davis, Inc. $ZD

Bastion Asset Management Inc. increased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 92.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,950 shares of the technology company’s stock after buying an additional 30,679 shares during the quarter. Ziff Davis accounts for about 1.4% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 25th largest position. Bastion Asset Management Inc. owned 0.16% of Ziff Davis worth $2,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Ziff Davis by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 160,656 shares of the technology company’s stock valued at $6,037,000 after acquiring an additional 3,696 shares during the period. CWM LLC lifted its holdings in Ziff Davis by 1,973.1% during the 2nd quarter. CWM LLC now owns 13,869 shares of the technology company’s stock valued at $420,000 after purchasing an additional 13,200 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Ziff Davis by 6.0% in the second quarter. Allianz Asset Management GmbH now owns 193,312 shares of the technology company’s stock valued at $5,852,000 after buying an additional 11,000 shares in the last quarter. Nordea Investment Management AB grew its stake in Ziff Davis by 3.5% during the second quarter. Nordea Investment Management AB now owns 1,035,836 shares of the technology company’s stock worth $31,438,000 after buying an additional 35,197 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Ziff Davis during the second quarter worth approximately $790,000. 99.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZD has been the topic of several recent analyst reports. Barclays reduced their target price on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Ziff Davis from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Citigroup reduced their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Zacks Research raised shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ziff Davis has an average rating of “Hold” and a consensus price target of $37.50.

Ziff Davis Trading Up 1.3%

ZD opened at $30.50 on Monday. The firm has a 50 day simple moving average of $35.73 and a 200 day simple moving average of $35.58. Ziff Davis, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $54.89. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 12.10 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.61 and a quick ratio of 1.61.

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.