KLP Kapitalforvaltning AS acquired a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,800 shares of the technology company's stock, valued at approximately $533,000.
A number of other institutional investors and hedge funds also recently modified their holdings of ZD. Pacer Advisors Inc. boosted its position in Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock worth $68,861,000 after purchasing an additional 1,265,967 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Ziff Davis by 170.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company's stock worth $14,115,000 after buying an additional 163,708 shares during the last quarter. Ruffer LLP bought a new stake in shares of Ziff Davis during the 4th quarter worth about $7,946,000. Raymond James Financial Inc. acquired a new position in Ziff Davis in the 4th quarter valued at about $5,780,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ziff Davis by 9.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock valued at $41,187,000 after acquiring an additional 62,402 shares during the period. 99.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on ZD shares. Citigroup reduced their price objective on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group lowered their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Ziff Davis has an average rating of "Moderate Buy" and an average target price of $65.67.
Check Out Our Latest Research Report on Ziff Davis
Insider Buying and Selling
In other Ziff Davis news, Director Sarah Ann Fay purchased 1,282 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now owns 18,655 shares in the company, valued at approximately $727,545. This trade represents a 7.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Brian Kretzmer acquired 653 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the transaction, the director now owns 12,968 shares in the company, valued at $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 have purchased 5,028 shares of company stock worth $198,024. Company insiders own 2.08% of the company's stock.
Ziff Davis Price Performance
NASDAQ ZD traded down $1.90 during midday trading on Friday, hitting $33.48. The company had a trading volume of 682,523 shares, compared to its average volume of 493,773. The firm has a 50-day moving average price of $45.43 and a 200-day moving average price of $50.08. The company has a market capitalization of $1.44 billion, a PE ratio of 28.37 and a beta of 1.47. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a twelve month low of $32.86 and a twelve month high of $60.62.
Ziff Davis Company Profile
(
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.
Further Reading
Before you consider Ziff Davis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ziff Davis wasn't on the list.
While Ziff Davis currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
