Vanguard Group Inc. Decreases Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Vanguard Group Inc. cut its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,929,995 shares of the technology company's stock after selling 219,362 shares during the period. Vanguard Group Inc. owned 11.53% of Ziff Davis worth $267,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. increased its stake in Ziff Davis by 100,954.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock worth $68,861,000 after buying an additional 1,265,967 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Ziff Davis by 170.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company's stock worth $14,115,000 after purchasing an additional 163,708 shares during the period. Ruffer LLP purchased a new stake in Ziff Davis during the 4th quarter valued at approximately $7,946,000. Raymond James Financial Inc. bought a new position in shares of Ziff Davis during the fourth quarter worth $5,780,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Ziff Davis by 9.0% during 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 acquiring an additional 62,402 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Insider Activity

In other Ziff Davis news, Director Sarah Ann Fay purchased 1,282 shares of Ziff Davis stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $39.00 per share, with a total value of $49,998.00. Following the transaction, the director now owns 18,655 shares of the company's stock, valued at $727,545. This represents a 7.38 % 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 acquired 2,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the acquisition, the chief financial officer now directly owns 16,339 shares in the company, valued at approximately $640,652.19. The trade was 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 worth $198,024 over the last 90 days. 2.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on ZD shares. 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. Citigroup dropped their target price on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price target on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.67.

Ziff Davis Stock Up 11.7 %

ZD stock traded up $3.67 on Wednesday, hitting $35.10. 806,953 shares of the company's stock were exchanged, compared to its average volume of 498,965. The firm has a 50 day moving average price of $43.32 and a two-hundred day moving average price of $49.43. Ziff Davis, Inc. has a 12-month low of $30.77 and a 12-month high of $60.62. The stock has a market cap of $1.51 billion, a P/E ratio of 29.75 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.