Raymond James Financial Inc. purchased a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 106,375 shares of the technology company's stock, valued at approximately $5,780,000. Raymond James Financial Inc. owned 0.25% of Ziff Davis as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Ziff Davis in the third quarter worth $37,000. First Horizon Advisors Inc. increased 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 valued at $47,000 after buying an additional 260 shares during the period. TD Private Client Wealth LLC raised its stake in Ziff Davis by 19.2% in the third 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 in the last quarter. Central Pacific Bank Trust Division lifted its holdings in Ziff Davis by 17.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock worth $175,000 after buying an additional 490 shares during the period. Finally, FORA Capital LLC bought a new stake in Ziff Davis during the 3rd quarter valued at approximately $210,000. Institutional investors own 99.76% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. UBS Group dropped their price target 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. JPMorgan Chase & Co. reduced their target price on shares of Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup decreased their price target on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research note 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.com, Ziff Davis has a consensus rating of "Moderate Buy" and a consensus target price of $65.67.
Read Our Latest Report on Ziff Davis
Insider Buying and Selling
In related news, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost 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 of the company's stock, valued at $640,652.19. The trade was a 18.06 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the transaction, the director now owns 12,968 shares of the company's stock, valued at $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 5,028 shares of company stock worth $198,024 in the last three months. Insiders own 2.33% of the company's stock.
Ziff Davis Stock Down 7.2 %
NASDAQ:ZD traded down $2.94 on Friday, reaching $38.15. 451,021 shares of the stock traded hands, compared to its average volume of 487,422. The company's fifty day simple moving average is $47.54 and its 200 day simple moving average is $50.55. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 32.33 and a beta of 1.42. Ziff Davis, Inc. has a 12 month low of $37.62 and a 12 month high of $63.87. 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 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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