9,800 Shares in Ziff Davis, Inc. (NASDAQ:ZD) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,800 shares of the technology company's stock, valued at approximately $533,000.

A number of other large investors have also added to or reduced their stakes in the stock. TD Private Client Wealth LLC increased its position 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 valued at $75,000 after purchasing an additional 249 shares during the last quarter. First Horizon Advisors Inc. grew its position in Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock valued at $47,000 after buying an additional 260 shares during the period. Central Pacific Bank Trust Division increased its holdings in Ziff Davis by 17.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock valued at $175,000 after buying an additional 490 shares during the last quarter. Hunter Perkins Capital Management LLC raised its position in Ziff Davis by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock worth $807,000 after acquiring an additional 565 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in shares of Ziff Davis during the 4th quarter worth $35,000. Institutional investors own 99.76% of the company's stock.

Ziff Davis Price Performance

Ziff Davis stock traded down $1.03 during mid-day trading on Tuesday, hitting $31.43. The stock had a trading volume of 629,282 shares, compared to its average volume of 496,871. 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 firm's 50 day moving average is $44.07 and its 200 day moving average is $49.64. The firm has a market capitalization of $1.35 billion, a P/E ratio of 26.64 and a beta of 1.47. Ziff Davis, Inc. has a one year low of $30.77 and a one year high of $60.62.

Insider Transactions at Ziff Davis

In other news, CFO Bret Richter acquired 2,500 shares of the business's stock in a transaction dated 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 transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, 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. Insiders acquired a total of 5,028 shares of company stock valued at $198,024 over the last 90 days. Company insiders own 2.08% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ZD shares. UBS Group reduced their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced 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. Finally, Citigroup lowered their price objective 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.67.

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.