57,102 Shares in Ziff Davis, Inc. (NASDAQ:ZD) Purchased by Schroder Investment Management Group

Schroder Investment Management Group purchased 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 (SEC). The fund purchased 57,102 shares of the technology company's stock, valued at approximately $3,115,000. Schroder Investment Management Group owned about 0.13% of Ziff Davis as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Weiss Asset Management LP purchased a new stake in shares of Ziff Davis during the 3rd quarter valued at $621,000. Main Management ETF Advisors LLC bought a new stake in Ziff Davis in the third quarter worth about $831,000. MML Investors Services LLC boosted its stake in Ziff Davis by 55.6% in the third quarter. MML Investors Services LLC now owns 5,757 shares of the technology company's stock valued at $280,000 after acquiring an additional 2,057 shares during the last quarter. Geode Capital Management LLC boosted its stake in Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company's stock valued at $62,040,000 after acquiring an additional 36,863 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in shares of Ziff Davis by 19.2% during the 3rd 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. 99.76% of the stock is owned by institutional investors.

Insider Activity at Ziff Davis

In other Ziff Davis news, CFO Bret Richter bought 2,500 shares of Ziff Davis stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $39.21 per share, with a total value of $98,025.00. Following the completion of the purchase, the chief financial officer now owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This represents a 18.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Brian Kretzmer acquired 653 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the acquisition, the director now directly owns 12,968 shares in the company, valued at approximately $497,063.44. This represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.08% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently commented on ZD shares. Citigroup dropped their price objective on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group cut their price target 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $65.67.

Ziff Davis Stock Performance

Shares of NASDAQ:ZD traded down $1.02 during trading on Monday, hitting $32.46. 942,603 shares of the company were exchanged, compared to its average volume of 496,571. The company has a market cap of $1.39 billion, a PE ratio of 27.51 and a beta of 1.47. Ziff Davis, Inc. has a 52-week low of $30.82 and a 52-week high of $60.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50 day moving average of $44.99 and a 200 day moving average of $49.90.

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.