Maverick Capital Ltd. Has $2.05 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

Maverick Capital Ltd. grew its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 34.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,039 shares of the technology company’s stock after buying an additional 10,797 shares during the quarter. Maverick Capital Ltd.’s holdings in Ziff Davis were worth $2,046,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Edgestream Partners L.P. acquired a new position in shares of Ziff Davis in the 3rd quarter worth approximately $3,115,000. Capstone Investment Advisors LLC bought a new stake in Ziff Davis in the third quarter valued at $1,460,000. Public Sector Pension Investment Board bought a new stake in Ziff Davis in the third quarter valued at $4,618,000. FORA Capital LLC acquired a new position in Ziff Davis during the third quarter worth $210,000. Finally, Clark Estates Inc. NY lifted its holdings in shares of Ziff Davis by 35.1% during the third quarter. Clark Estates Inc. NY now owns 66,700 shares of the technology company’s stock valued at $3,246,000 after acquiring an additional 17,325 shares during the period. 99.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Barclays raised their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Citigroup reduced their target price on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.29.

Ziff Davis Trading Up 2.0 %

Shares of NASDAQ ZD opened at $58.85 on Friday. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The company has a 50-day moving average of $50.08 and a two-hundred day moving average of $50.40. The company has a market cap of $2.52 billion, a PE ratio of 49.87 and a beta of 1.29. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

Ziff Davis Company 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.