Ziff Davis, Inc. (NASDAQ:ZD) Shares Acquired by CDAM UK Ltd

CDAM UK Ltd boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,492,860 shares of the technology company's stock after purchasing an additional 213,071 shares during the quarter. Ziff Davis comprises 12.2% of CDAM UK Ltd's holdings, making the stock its 3rd biggest position. CDAM UK Ltd owned 3.49% of Ziff Davis worth $81,122,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new position in Ziff Davis in the third quarter valued at about $986,000. Virtu Financial LLC acquired a new stake in shares of Ziff Davis in the 3rd quarter valued at approximately $503,000. Principal Financial Group Inc. boosted its stake in Ziff Davis by 36.4% during the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock worth $10,267,000 after acquiring an additional 56,352 shares during the last quarter. Brave Asset Management Inc. raised its holdings in Ziff Davis by 3.9% in the fourth quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company's stock worth $19,754,000 after purchasing an additional 13,659 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Ziff Davis by 19.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company's stock worth $19,052,000 after purchasing an additional 57,830 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Down 8.0 %

Shares of NASDAQ ZD traded down $2.82 during midday trading on Thursday, reaching $32.28. The company's stock had a trading volume of 206,696 shares, compared to its average volume of 497,870. The stock has a 50 day simple moving average of $43.32 and a 200-day simple moving average of $49.43. 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 capitalization of $1.39 billion, a price-to-earnings ratio of 27.22 and a beta of 1.47. Ziff Davis, Inc. has a fifty-two week low of $30.63 and a fifty-two week high of $60.62.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ZD shares. JPMorgan Chase & Co. lowered their price target on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Citigroup cut their price target on shares of 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 price objective on shares of 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 equities research 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, Ziff Davis presently has an average rating of "Moderate Buy" and an average target price of $65.67.

Insider Buying and Selling at Ziff Davis

In related news, CFO Bret Richter acquired 2,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were bought 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 in the company, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sarah Ann Fay bought 1,282 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the purchase, the director now directly owns 18,655 shares of the company's stock, valued at $727,545. This represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 5,028 shares of company stock worth $198,024. 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.