CDAM UK Ltd Has $81.12 Million Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

CDAM UK Ltd raised its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,492,860 shares of the technology company's stock after acquiring an additional 213,071 shares during the period. Ziff Davis makes up approximately 12.2% of CDAM UK Ltd's holdings, making the stock its 3rd biggest holding. CDAM UK Ltd owned approximately 3.49% of Ziff Davis worth $81,122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. bought a new stake in Ziff Davis during the third quarter worth approximately $986,000. Virtu Financial LLC purchased a new position in shares of Ziff Davis in the 3rd quarter worth approximately $503,000. Principal Financial Group Inc. increased its position in shares of Ziff Davis by 36.4% during the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock valued at $10,267,000 after purchasing an additional 56,352 shares during the last quarter. Brave Asset Management Inc. raised its holdings in Ziff Davis by 3.9% during the 4th quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company's stock valued at $19,754,000 after buying an additional 13,659 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Ziff Davis by 19.8% in 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 buying an additional 57,830 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

ZD has been the topic of a number of analyst reports. 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. UBS Group cut their price target on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $65.67.

Ziff Davis Trading Down 3.0 %

ZD stock traded down $1.02 during trading on Monday, hitting $32.46. The company had a trading volume of 942,603 shares, compared to its average volume of 496,571. Ziff Davis, Inc. has a 52-week low of $30.82 and a 52-week high of $60.62. The company has a 50 day simple moving average of $44.99 and a 200-day simple moving average of $49.90. The firm has a market capitalization of $1.39 billion, a P/E ratio of 27.51 and a beta of 1.47. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Insider Activity

In other Ziff Davis news, Director W Brian Kretzmer bought 653 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the acquisition, the director now directly owns 12,968 shares in the company, valued at approximately $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay bought 1,282 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, with a total value of $49,998.00. Following the acquisition, the director now owns 18,655 shares of the company's stock, valued at $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.08% of the company's stock.

About Ziff Davis

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.