Wellington Management Group LLP Grows Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Wellington Management Group LLP boosted its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 443,707 shares of the technology company's stock after purchasing an additional 113,157 shares during the quarter. Wellington Management Group LLP owned about 1.04% of Ziff Davis worth $24,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ZD. Millstone Evans Group LLC purchased a new position in shares of Ziff Davis in the 4th quarter valued at about $35,000. Wilmington Savings Fund Society FSB acquired a new stake in Ziff Davis in the third quarter valued at $37,000. Summit Securities Group LLC purchased a new stake in shares of Ziff Davis during the 4th quarter worth $37,000. First Horizon Advisors Inc. grew its position in Ziff Davis by 42.9% during 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. Finally, TD Private Client Wealth LLC raised its holdings in 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 worth $75,000 after purchasing an additional 249 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ziff Davis

In related news, Director W Brian Kretzmer bought 653 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the transaction, the director now owns 12,968 shares in the company, valued at $497,063.44. The trade was a 5.30 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bret Richter purchased 2,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $39.21 per share, with a total value of $98,025.00. Following the purchase, the chief financial officer now owns 16,339 shares of the company's stock, valued at $640,652.19. This represents a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,028 shares of company stock valued at $198,024 in the last three months. 2.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZD shares. UBS Group decreased their target price on shares of 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. lowered their price objective on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup decreased their price target on 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 stock. Based on data from MarketBeat.com, Ziff Davis presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.67.

Ziff Davis Stock Down 1.1 %

NASDAQ ZD traded down $0.35 during trading on Friday, hitting $31.76. The stock had a trading volume of 694,793 shares, compared to its average volume of 500,604. Ziff Davis, Inc. has a 12 month low of $30.63 and a 12 month high of $60.62. The company's 50-day moving average price is $42.49 and its two-hundred day moving average price is $49.20. The company has a market capitalization of $1.36 billion, a PE ratio of 26.92 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

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.