American Century Companies Inc. Sells 256,407 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

American Century Companies Inc. cut its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 79.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 65,641 shares of the technology company's stock after selling 256,407 shares during the quarter. American Century Companies Inc. owned 0.15% of Ziff Davis worth $3,567,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock valued at $68,861,000 after purchasing an additional 1,265,967 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Ziff Davis by 170.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company's stock valued at $14,115,000 after buying an additional 163,708 shares in the last quarter. Ruffer LLP bought a new stake in shares of Ziff Davis during the 4th quarter worth $7,946,000. Raymond James Financial Inc. acquired a new position in shares of Ziff Davis in the 4th quarter worth $5,780,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ziff Davis by 9.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock worth $41,187,000 after acquiring an additional 62,402 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

Analyst Upgrades and Downgrades

ZD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target 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. 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. Finally, Citigroup dropped their target price 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $65.67.

Ziff Davis Stock Down 1.1 %

Ziff Davis stock traded down $0.35 during mid-day trading on Friday, hitting $31.76. The company's stock had a trading volume of 694,793 shares, compared to its average volume of 500,604. Ziff Davis, Inc. has a 52-week low of $30.63 and a 52-week high of $60.62. The company has a market cap of $1.36 billion, a PE ratio of 26.92 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm's 50 day moving average is $42.49 and its 200 day moving average is $49.20.

Insider Activity

In other news, Director W Brian Kretzmer acquired 653 shares of Ziff Davis stock in a transaction that occurred on Thursday, March 6th. The stock was purchased 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 owns 12,968 shares in the company, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bret Richter bought 2,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 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 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.