Arrowstreet Capital Limited Partnership Has $23.63 Million Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

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

Other large investors have also made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of Ziff Davis during the 4th quarter worth about $35,000. Wilmington Savings Fund Society FSB acquired a new stake in Ziff Davis in the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. boosted 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 purchasing an additional 260 shares during the period. TD Private Client Wealth LLC boosted its position 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 period. Finally, Central Pacific Bank Trust Division grew its holdings in Ziff Davis by 17.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock valued at $175,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

Ziff Davis Stock Performance

Shares of NASDAQ:ZD traded down $1.03 on Tuesday, hitting $31.43. 629,282 shares of the company were exchanged, compared to its average volume of 496,871. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The company's 50 day moving average price is $44.07 and its two-hundred day moving average price is $49.64. Ziff Davis, Inc. has a one year low of $30.77 and a one year high of $60.62. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 26.64 and a beta of 1.47.

Analysts Set New Price Targets

Several research firms recently issued reports on ZD. JPMorgan Chase & Co. decreased their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a report 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 for the company in a report on Wednesday, February 26th. Finally, UBS Group dropped their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $65.67.

Insider Activity at Ziff Davis

In other Ziff Davis news, CFO Bret Richter purchased 2,500 shares of the business's stock in a transaction 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 completion of the purchase, the chief financial officer now directly owns 16,339 shares in the company, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sarah Ann Fay acquired 1,282 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the purchase, the director now owns 18,655 shares in the company, valued at approximately $727,545. This trade represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 5,028 shares of company stock worth $198,024 over the last three months. Company insiders own 2.08% of the company's stock.

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.