Charles Schwab Investment Management Inc. raised its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 757,944 shares of the technology company's stock after purchasing an additional 62,402 shares during the period. Charles Schwab Investment Management Inc. owned 1.77% of Ziff Davis worth $41,187,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZD. Wilmington Savings Fund Society FSB purchased a new position in Ziff Davis during the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. grew its position in shares of Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after acquiring an additional 260 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock valued at $75,000 after acquiring an additional 249 shares during the period. Central Pacific Bank Trust Division raised its position in Ziff Davis by 17.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock valued at $175,000 after purchasing an additional 490 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Ziff Davis during the 3rd quarter worth $210,000. Institutional investors and hedge funds own 99.76% of the company's stock.
Ziff Davis Stock Performance
NASDAQ ZD traded up $1.26 on Wednesday, hitting $42.05. 372,364 shares of the company's stock were exchanged, compared to its average volume of 453,278. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 35.61 and a beta of 1.42. The firm's 50-day moving average price is $49.03 and its two-hundred day moving average price is $50.87. Ziff Davis, Inc. has a fifty-two week low of $37.62 and a fifty-two week high of $64.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.
Wall Street Analyst Weigh In
ZD has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research note 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 report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $65.67.
Check Out Our Latest Report on Ziff Davis
Insider Buying and Selling at Ziff Davis
In other news, CFO Bret Richter bought 2,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $39.21 per share, with a total value of $98,025.00. Following the completion of the acquisition, the chief financial officer now owns 16,339 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Brian Kretzmer purchased 653 shares of the business's stock in a transaction dated 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 purchase, 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 disclosure for this purchase can be found here. Over the last quarter, insiders acquired 5,028 shares of company stock valued at $198,024. 2.08% of the stock is owned by company insiders.
Ziff Davis Company Profile
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Free Report)
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.
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