Proficio Capital Partners LLC purchased a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,246 shares of the technology company's stock, valued at approximately $1,426,000. Proficio Capital Partners LLC owned approximately 0.06% of Ziff Davis at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of ZD. Wilmington Savings Fund Society FSB bought a new stake in shares of Ziff Davis in the third quarter worth about $37,000. First Horizon Advisors Inc. boosted its position in shares of Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after buying an additional 260 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock worth $75,000 after buying an additional 249 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of Ziff Davis by 17.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock worth $175,000 after buying an additional 490 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Ziff Davis during the third quarter worth about $210,000. 99.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ZD. Citigroup reduced their price objective on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Barclays upped their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group reduced their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Ziff Davis has a consensus rating of "Moderate Buy" and a consensus target price of $65.67.
Read Our Latest Report on Ziff Davis
Insiders Place Their Bets
In other Ziff Davis news, CFO Bret Richter bought 2,500 shares of Ziff Davis stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $39.21 per share, with a total value of $98,025.00. Following the acquisition, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. This trade represents a 18.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Ann Fay bought 1,282 shares of Ziff Davis stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the acquisition, the director now owns 18,655 shares in the company, valued at approximately $727,545. This represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,028 shares of company stock worth $198,024 in the last 90 days. Company insiders own 2.08% of the company's stock.
Ziff Davis Stock Performance
NASDAQ:ZD traded up $1.70 on Friday, hitting $40.85. The company's stock had a trading volume of 721,342 shares, compared to its average volume of 400,662. The firm has a market capitalization of $1.75 billion, a P/E ratio of 34.62 and a beta of 1.42. 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, Inc. has a one year low of $37.62 and a one year high of $68.53. The stock has a fifty day moving average of $51.03 and a two-hundred day moving average of $51.18.
Ziff Davis Company Profile
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Free Report)
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.
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