Principal Financial Group Inc. Has $8.70 Million Holdings in Ziff Davis, Inc. $ZD

Principal Financial Group Inc. increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,423 shares of the technology company’s stock after purchasing an additional 19,703 shares during the period. Principal Financial Group Inc. owned about 0.56% of Ziff Davis worth $8,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Ziff Davis by 2.4% in the 1st 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 buying an additional 3,696 shares during the period. CWM LLC boosted its position in shares of 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 acquiring an additional 13,200 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Ziff Davis by 16.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 626,137 shares of the technology company’s stock valued at $19,911,000 after acquiring an additional 88,014 shares during the period. Allianz Asset Management GmbH raised 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 worth $5,852,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Nordea Investment Management AB lifted 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 purchasing an additional 35,197 shares during the period. 99.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ZD shares. Zacks Research upgraded Ziff Davis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Citigroup lowered their price target on Ziff Davis from $42.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. UBS Group dropped their price objective on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, January 21st. Finally, Barclays lowered their target price on shares of Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. One equities research analyst has 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, the company has an average rating of “Hold” and a consensus price target of $37.50.

Ziff Davis Price Performance

Ziff Davis stock opened at $30.10 on Friday. The business’s fifty day moving average is $35.82 and its two-hundred day moving average is $35.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $1.19 billion, a P/E ratio of 11.94 and a beta of 1.46. Ziff Davis, Inc. has a 52 week low of $28.55 and a 52 week high of $54.89.

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.