Arrowstreet Capital Limited Partnership Purchases 342,207 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Arrowstreet Capital Limited Partnership raised its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 369.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 434,779 shares of the technology company's stock after acquiring an additional 342,207 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.02% of Ziff Davis worth $23,626,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of Ziff Davis in the 4th quarter valued at about $35,000. Wilmington Savings Fund Society FSB bought a new position in Ziff Davis in the third quarter valued at approximately $37,000. First Horizon Advisors Inc. increased its position in shares of Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after purchasing an additional 260 shares during the last quarter. TD Private Client Wealth LLC raised its stake 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 worth $75,000 after purchasing an additional 249 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings 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 buying an additional 490 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on shares of 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 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $65.67.

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Insider Transactions at Ziff Davis

In other Ziff Davis news, Director W Brian Kretzmer acquired 653 shares of the business's stock in a transaction on Thursday, March 6th. The stock was purchased at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bret Richter purchased 2,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $39.21 per share, with a total value of $98,025.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 5,028 shares of company stock worth $198,024. Company insiders own 2.08% of the company's stock.

Ziff Davis Stock Performance

Ziff Davis stock traded down $1.90 during trading hours on Friday, hitting $33.48. The company had a trading volume of 682,523 shares, compared to its average volume of 493,773. Ziff Davis, Inc. has a one year low of $32.86 and a one year high of $60.62. The firm has a market cap of $1.44 billion, a PE ratio of 28.37 and a beta of 1.47. The firm has a 50-day moving average of $45.43 and a 200 day moving average of $50.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

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.