Prudential Financial Inc. reduced its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,202 shares of the technology company's stock after selling 23,704 shares during the quarter. Prudential Financial Inc. owned about 0.18% of Ziff Davis worth $4,199,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC boosted its position in shares of 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 buying an additional 249 shares during the period. First Horizon Advisors Inc. raised its stake in Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock valued at $47,000 after acquiring an additional 260 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of 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 period. Hunter Perkins Capital Management LLC increased its holdings in shares of Ziff Davis by 4.0% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock valued at $807,000 after purchasing an additional 565 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in shares of Ziff Davis during the fourth quarter valued at about $35,000. 99.76% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Ziff Davis
In related news, CFO Bret Richter acquired 2,500 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sarah Ann Fay acquired 1,282 shares of the company's stock in a transaction on 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 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 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.
Ziff Davis Trading Down 5.4 %
Shares of ZD stock traded down $1.90 during trading hours on Friday, reaching $33.48. 682,523 shares of the stock traded hands, compared to its average volume of 493,264. The business has a fifty day moving average price of $45.82 and a 200 day moving average price of $50.19. Ziff Davis, Inc. has a 1-year low of $32.86 and a 1-year high of $60.96. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.43 billion, a PE ratio of 28.37 and a beta of 1.42.
Wall Street Analyst Weigh In
Several equities analysts have commented on ZD shares. 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 research note on Wednesday, February 26th. UBS Group cut their target price on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.67.
View Our Latest Analysis on ZD
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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