146,224 Shares in Ziff Davis, Inc. (NASDAQ:ZD) Purchased by Ruffer LLP

Ruffer LLP purchased a new stake 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 purchased 146,224 shares of the technology company's stock, valued at approximately $7,946,000. Ruffer LLP owned 0.34% of Ziff Davis at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ZD. Wilmington Savings Fund Society FSB acquired a new position in shares of Ziff Davis in the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. boosted its holdings in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after buying an additional 260 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock valued at $75,000 after acquiring an additional 249 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of Ziff Davis by 17.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock valued at $175,000 after acquiring an additional 490 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in Ziff Davis during the 3rd quarter worth approximately $210,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ziff Davis

In other news, Director Sarah Ann Fay acquired 1,282 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $39.00 per share, with a total value of $49,998.00. Following the acquisition, the director now owns 18,655 shares of the company's stock, valued at $727,545. This trade represents a 7.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Bret Richter acquired 2,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the acquisition, 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. Insiders have acquired 5,028 shares of company stock valued at $198,024 in the last 90 days. 2.08% of the stock is currently owned by company insiders.

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Ziff Davis Stock Performance

Ziff Davis stock traded down $1.37 during trading hours on Thursday, hitting $38.68. The stock had a trading volume of 804,807 shares, compared to its average volume of 424,243. The company has a 50-day moving average of $50.16 and a two-hundred day moving average of $51.05. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a fifty-two week low of $37.62 and a fifty-two week high of $66.07. The company has a market cap of $1.66 billion, a PE ratio of 32.78 and a beta of 1.42.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ZD shares. UBS Group reduced their target price on shares of 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 target price on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, Citigroup reduced their price objective 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.67.

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.