Amundi raised its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 205.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,737 shares of the technology company's stock after acquiring an additional 48,937 shares during the period. Amundi owned approximately 0.17% of Ziff Davis worth $3,809,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in ZD. Raymond James Financial Inc. acquired a new stake in shares of Ziff Davis in the fourth quarter valued at about $5,780,000. Proficio Capital Partners LLC acquired a new stake in shares of Ziff Davis in the fourth quarter valued at about $1,426,000. Atria Investments Inc lifted its stake in shares of Ziff Davis by 8.9% in the fourth quarter. Atria Investments Inc now owns 9,143 shares of the technology company's stock valued at $497,000 after purchasing an additional 747 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Ziff Davis by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock valued at $41,187,000 after purchasing an additional 62,402 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Ziff Davis in the fourth quarter valued at about $368,000. Institutional investors and hedge funds own 99.76% of the company's stock.
Insider Buying and Selling at Ziff Davis
In other news, Director W Brian Kretzmer bought 653 shares of Ziff Davis stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, with a total value of $25,029.49. Following the completion of the transaction, the director now owns 12,968 shares in the company, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay bought 1,282 shares of Ziff Davis stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now owns 18,655 shares of the company's stock, valued at approximately $727,545. This represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,028 shares of company stock valued at $198,024 over the last ninety days. Corporate insiders own 2.08% of the company's stock.
Ziff Davis Trading Up 0.2 %
ZD stock traded up $0.09 during midday trading on Thursday, reaching $41.97. 464,093 shares of the company's stock traded hands, compared to its average volume of 454,053. The company has a market capitalization of $1.80 billion, a P/E ratio of 35.57 and a beta of 1.42. 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, Inc. has a fifty-two week low of $37.62 and a fifty-two week high of $64.04. The business has a 50-day moving average price of $48.82 and a two-hundred day moving average price of $50.81.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on ZD shares. JPMorgan Chase & Co. dropped their target price 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 lowered 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 lowered their price target on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Ziff Davis has an average rating of "Moderate Buy" and a consensus price target of $65.67.
Get Our Latest Research Report on Ziff Davis
Ziff Davis Company Profile
(
Free Report)
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.
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