Geode Capital Management LLC Sells 190,012 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Geode Capital Management LLC reduced its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 14.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,084,750 shares of the technology company's stock after selling 190,012 shares during the period. Geode Capital Management LLC owned 2.54% of Ziff Davis worth $58,957,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ZD. MML Investors Services LLC increased its stake in Ziff Davis by 55.6% in the third quarter. MML Investors Services LLC now owns 5,757 shares of the technology company's stock valued at $280,000 after purchasing an additional 2,057 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock worth $75,000 after buying an additional 249 shares during the last quarter. Virtu Financial LLC bought a new position in Ziff Davis in the third quarter valued at approximately $503,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ziff Davis in the 3rd quarter valued at approximately $37,000. Finally, Franklin Resources Inc. bought a new position in shares of Ziff Davis in the third quarter valued at $986,000. Institutional investors own 99.76% of the company's stock.

Insider Buying and Selling at Ziff Davis

In other news, Director W Brian Kretzmer acquired 653 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now owns 12,968 shares of the company's stock, valued at $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 completion of the purchase, the chief financial officer now directly owns 16,339 shares in the company, 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. In the last quarter, insiders purchased 5,028 shares of company stock worth $198,024. Insiders own 2.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ZD. 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 report on Wednesday, February 26th. Citigroup cut their price target on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $65.67.

Ziff Davis Trading Down 1.9 %

Shares of Ziff Davis stock traded down $0.59 on Friday, reaching $30.48. 949,674 shares of the company's stock were exchanged, compared to its average volume of 503,271. The company has a market capitalization of $1.31 billion, a P/E ratio of 25.83 and a beta of 1.47. Ziff Davis, Inc. has a 52 week low of $30.20 and a 52 week high of $60.62. The firm's 50-day moving average is $40.75 and its two-hundred day moving average is $48.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

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.