Vanguard Group Inc. decreased its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,929,995 shares of the technology company's stock after selling 219,362 shares during the quarter. Vanguard Group Inc. owned 11.53% of Ziff Davis worth $267,896,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in ZD. TD Private Client Wealth LLC grew its holdings 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 purchasing an additional 249 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in 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 acquiring an additional 260 shares during the last quarter. Central Pacific Bank Trust Division increased its position in 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 acquiring an additional 490 shares in the last quarter. Hunter Perkins Capital Management LLC raised its stake in shares of Ziff Davis by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock worth $807,000 after acquiring an additional 565 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Ziff Davis during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 99.76% of the company's stock.
Ziff Davis Trading Down 3.0 %
Shares of NASDAQ:ZD traded down $1.02 during mid-day trading on Monday, reaching $32.46. The stock had a trading volume of 942,603 shares, compared to its average volume of 496,571. The firm has a market cap of $1.39 billion, a PE ratio of 27.51 and a beta of 1.47. The firm has a 50 day simple moving average of $45.43 and a two-hundred day simple moving average of $50.05. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a twelve month low of $30.82 and a twelve month high of $60.62.
Analyst Ratings Changes
A number of research firms have recently weighed in on ZD. JPMorgan Chase & Co. dropped their target price on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Citigroup dropped their price objective 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, UBS Group cut their target price on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research report 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 currently has an average rating of "Moderate Buy" and an average price target of $65.67.
Read Our Latest Stock Analysis on ZD
Insiders Place Their Bets
In related news, CFO Bret Richter acquired 2,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Brian Kretzmer bought 653 shares of Ziff Davis stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $38.33 per share, with a total value of $25,029.49. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Over the last three months, insiders have bought 5,028 shares of company stock worth $198,024. Company insiders own 2.08% of the company's stock.
Ziff Davis 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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