Russell Investments Group Ltd. Acquires 37,250 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Russell Investments Group Ltd. boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,262 shares of the technology company's stock after acquiring an additional 37,250 shares during the period. Russell Investments Group Ltd. owned 0.39% of Ziff Davis worth $8,980,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Millstone Evans Group LLC bought a new stake in shares of Ziff Davis in the 4th quarter valued at about $35,000. Wilmington Savings Fund Society FSB purchased a new position in Ziff Davis during the third quarter valued at $37,000. Summit Securities Group LLC acquired a new stake in Ziff Davis during the 4th quarter worth $37,000. First Horizon Advisors Inc. grew 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 valued at $47,000 after purchasing an additional 260 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock valued at $75,000 after buying an additional 249 shares during the period. Hedge funds and other institutional investors own 99.76% of the company's stock.

Analysts Set New Price Targets

ZD has been the subject of several recent analyst reports. UBS Group decreased their target price 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. Citigroup decreased their price target on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, 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 report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $65.67.

Ziff Davis Price Performance

Shares of ZD traded down $0.51 during trading hours on Thursday, hitting $30.57. The stock had a trading volume of 288,256 shares, compared to its average volume of 500,722. Ziff Davis, Inc. has a 52 week low of $30.27 and a 52 week high of $60.62. The company's fifty day moving average is $41.21 and its two-hundred day moving average is $48.85. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

Insider Buying and Selling

In related news, Director Sarah Ann Fay bought 1,282 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were 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 approximately $727,545. This represents a 7.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Bret Richter bought 2,500 shares of the company's stock in a transaction that occurred on 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 acquisition, the chief financial officer now 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 bought 5,028 shares of company stock valued at $198,024 in the last 90 days. 2.08% of the stock is owned by insiders.

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.