Ziff Davis, Inc. (NASDAQ:ZD) Shares Purchased by Amundi

Amundi boosted its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 205.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,737 shares of the technology company’s stock after purchasing an additional 48,937 shares during the quarter. Amundi owned approximately 0.17% of Ziff Davis worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of 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 purchasing an additional 1,265,967 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of 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. Empowered Funds LLC purchased a new position in shares of Ziff Davis in the 3rd quarter worth about $7,210,000. Raymond James Financial Inc. purchased a new position in shares of Ziff Davis in the 4th quarter worth about $5,780,000. Finally, Public Sector Pension Investment Board purchased a new position in shares of Ziff Davis in the 3rd quarter worth about $4,618,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ZD shares. UBS Group cut their price objective on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock 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 on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price 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 given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Stock Performance

Shares of NASDAQ:ZD opened at $40.25 on Monday. 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, Inc. has a one year low of $37.62 and a one year high of $64.04. The business’s 50-day simple moving average is $49.54 and its 200 day simple moving average is $50.97. The company has a market cap of $1.72 billion, a P/E ratio of 34.11 and a beta of 1.42.

Insiders Place Their Bets

In other Ziff Davis news, CFO Bret Richter acquired 2,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the acquisition, the chief financial officer now directly owns 16,339 shares of the company’s stock, valued at $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were acquired at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares in the company, valued at $727,545. The trade was a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 5,028 shares of company stock worth $198,024 in the last three months. 2.08% of the stock is owned by insiders.

About Ziff Davis

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.