Raymond James Financial Inc. Buys Shares of 106,375 Ziff Davis, Inc. (NASDAQ:ZD)

Raymond James Financial Inc. acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 106,375 shares of the technology company's stock, valued at approximately $5,780,000. Raymond James Financial Inc. owned about 0.25% of Ziff Davis at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ZD. Legal & General Group Plc grew its position in Ziff Davis by 12.4% during the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock worth $131,826,000 after purchasing an additional 267,436 shares during the last quarter. CDAM UK Ltd grew its position in shares of Ziff Davis by 16.6% during the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock valued at $81,122,000 after acquiring an additional 213,071 shares during the period. Pacer Advisors Inc. increased its position in shares of Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock valued at $68,861,000 after buying an additional 1,265,967 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ziff Davis by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock worth $41,187,000 after purchasing an additional 62,402 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Ziff Davis by 34.2% during the 4th quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company's stock valued at $24,111,000 after acquiring an additional 113,157 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Stock Performance

ZD stock traded down $0.12 during mid-day trading on Friday, reaching $30.95. The company had a trading volume of 430,264 shares, compared to its average volume of 508,872. The stock's 50-day simple moving average is $38.02 and its two-hundred day simple moving average is $48.18. Ziff Davis, Inc. has a one year low of $29.34 and a one year high of $60.62. The stock has a market capitalization of $1.33 billion, a P/E ratio of 26.23 and a beta of 1.47. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ZD shares. Citigroup cut their target price on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday. JPMorgan Chase & Co. downgraded Ziff Davis from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Finally, UBS Group dropped 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $58.33.

Insider Transactions at Ziff Davis

In other Ziff Davis news, Director W Brian Kretzmer purchased 653 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.33 per share, with a total value of $25,029.49. Following the acquisition, the director now directly owns 12,968 shares of the company's stock, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bret Richter purchased 2,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the purchase, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 5,028 shares of company stock valued at $198,024. 2.16% of the stock is owned by insiders.

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.