Invenomic Capital Management LP Purchases 188,844 Shares of Ziff Davis, Inc. $ZD

Invenomic Capital Management LP lifted its position in Ziff Davis, Inc. (NASDAQ:ZD) by 86.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 408,449 shares of the technology company’s stock after buying an additional 188,844 shares during the quarter. Invenomic Capital Management LP owned about 1.03% of Ziff Davis worth $15,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position in Ziff Davis by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock worth $32,730,000 after acquiring an additional 18,577 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Ziff Davis by 23.9% in the third quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock worth $9,129,000 after purchasing an additional 46,282 shares during the period. Empowered Funds LLC lifted its position in shares of Ziff Davis by 19.8% during the 2nd quarter. Empowered Funds LLC now owns 215,503 shares of the technology company’s stock worth $6,523,000 after purchasing an additional 35,621 shares during the last quarter. Cresset Asset Management LLC bought a new stake in Ziff Davis during the 2nd quarter valued at approximately $1,286,000. Finally, Bank of Montreal Can grew its holdings in Ziff Davis by 84.4% in the 2nd quarter. Bank of Montreal Can now owns 12,472 shares of the technology company’s stock valued at $378,000 after buying an additional 5,709 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZD has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Ziff Davis from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Evercore restated an “outperform” rating and issued a $46.00 price objective on shares of Ziff Davis in a research note on Tuesday, February 24th. Zacks Research raised shares of Ziff Davis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Citigroup increased their price target on shares of Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ziff Davis in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ziff Davis presently has a consensus rating of “Hold” and a consensus price target of $41.13.

Ziff Davis Stock Down 0.0%

ZD opened at $39.46 on Monday. The company has a market capitalization of $1.49 billion, a P/E ratio of 35.87 and a beta of 1.50. 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 firm’s fifty day moving average price is $35.32 and its two-hundred day moving average price is $35.49. Ziff Davis, Inc. has a fifty-two week low of $22.45 and a fifty-two week high of $50.55.

Ziff Davis Company 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.