New Age Alpha Advisors LLC purchased a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,706 shares of the technology company's stock, valued at approximately $364,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZD. Millstone Evans Group LLC purchased a new stake in shares of Ziff Davis in the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ziff Davis in the third quarter valued at about $37,000. First Horizon Advisors Inc. lifted its stake in Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after acquiring an additional 260 shares during the period. TD Private Client Wealth LLC grew its holdings in Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock worth $75,000 after acquiring an additional 249 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its position in Ziff Davis by 17.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock valued at $175,000 after purchasing an additional 490 shares during the period. Institutional investors own 99.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on shares of 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, Citigroup cut their price objective on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $65.67.
View Our Latest Analysis on ZD
Insider Buying and Selling
In other Ziff Davis news, CFO Bret Richter acquired 2,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the purchase, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at $640,652.19. The trade was a 18.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Brian Kretzmer bought 653 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the transaction, the director now directly owns 12,968 shares of the company's stock, valued at $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 5,028 shares of company stock worth $198,024 in the last three months. Corporate insiders own 2.08% of the company's stock.
Ziff Davis Stock Down 5.4 %
Shares of ZD stock traded down $1.90 during trading hours on Friday, reaching $33.48. 682,523 shares of the company's stock were exchanged, compared to its average volume of 493,773. Ziff Davis, Inc. has a 1 year low of $32.86 and a 1 year high of $60.62. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.44 billion, a PE ratio of 28.37 and a beta of 1.47. The stock's fifty day moving average price is $45.43 and its two-hundred day moving average price is $50.08.
About Ziff Davis
(
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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