Alliancebernstein L.P. Decreases Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Alliancebernstein L.P. decreased its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,694 shares of the technology company's stock after selling 39,280 shares during the period. Alliancebernstein L.P. owned about 0.12% of Ziff Davis worth $2,863,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in Ziff Davis in the fourth quarter worth approximately $35,000. Summit Securities Group LLC bought a new stake in Ziff Davis during the fourth quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new position in Ziff Davis in the third quarter worth about $37,000. First Horizon Advisors Inc. boosted its holdings in shares of Ziff Davis by 42.9% in the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock valued at $47,000 after buying an additional 260 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of 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 worth $175,000 after acquiring an additional 490 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

Insider Buying and Selling

In related news, Director Sarah Ann Fay acquired 1,282 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were purchased 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 $727,545. The trade was a 7.38 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the transaction, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This represents a 18.06 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 5,028 shares of company stock worth $198,024. Insiders own 2.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Citigroup dropped their price target on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group lowered their target price 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $65.67.

Ziff Davis Price Performance

Shares of Ziff Davis stock traded down $0.59 during trading hours on Friday, reaching $30.48. The stock had a trading volume of 949,674 shares, compared to its average volume of 503,271. Ziff Davis, Inc. has a twelve month low of $30.20 and a twelve month 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 firm has a market capitalization of $1.31 billion, a PE ratio of 25.83 and a beta of 1.47. The stock's 50 day moving average is $40.75 and its 200 day moving average is $48.72.

Ziff Davis 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.