New Age Alpha Advisors LLC Invests $364,000 in Ziff Davis, Inc. (NASDAQ:ZD)

New Age Alpha Advisors LLC acquired a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,706 shares of the technology company's stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Millstone Evans Group LLC purchased a new position in shares of Ziff Davis during the fourth quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis in the third quarter worth $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 purchasing an additional 260 shares during the last quarter. TD Private Client Wealth LLC boosted its position in 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 valued at $75,000 after buying an additional 249 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake 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 valued at $175,000 after buying an additional 490 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Trading Down 5.4 %

NASDAQ ZD traded down $1.90 on Friday, hitting $33.48. The company's stock had a trading volume of 682,523 shares, compared to its average volume of 494,769. 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 52-week low of $32.86 and a 52-week high of $60.62. The firm has a market cap of $1.44 billion, a P/E ratio of 28.37 and a beta of 1.47. The company's 50-day simple moving average is $45.43 and its 200 day simple moving average is $50.05.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ZD shares. UBS Group dropped their target price on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Citigroup lowered 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Ziff Davis has an average rating of "Moderate Buy" and an average price target of $65.67.

Insider Activity at Ziff Davis

In other news, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $39.21 per share, with a total value of $98,025.00. Following the completion of the purchase, the chief financial officer now directly owns 16,339 shares in the company, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.33 per share, with a total value of $25,029.49. Following the transaction, the director now directly owns 12,968 shares of the company's stock, valued at approximately $497,063.44. This trade represents a 5.30 % 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 over the last quarter. Corporate insiders own 2.08% of the company's stock.

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.