Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,929,995 shares of the technology company’s stock after selling 219,362 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Ziff Davis worth $267,896,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ZD. Holocene Advisors LP grew its position in shares of Ziff Davis by 46.3% during the third quarter. Holocene Advisors LP now owns 64,755 shares of the technology company’s stock worth $3,151,000 after buying an additional 20,491 shares in the last quarter. Weiss Asset Management LP acquired a new position in Ziff Davis during the 3rd quarter worth approximately $621,000. Main Management ETF Advisors LLC acquired a new position in Ziff Davis during the 3rd quarter worth approximately $831,000. MML Investors Services LLC raised its holdings in shares of Ziff Davis by 55.6% in the 3rd quarter. MML Investors Services LLC now owns 5,757 shares of the technology company’s stock valued at $280,000 after purchasing an additional 2,057 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ziff Davis by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after purchasing an additional 36,863 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Activity

In related news, Director W Brian Kretzmer acquired 653 shares of the firm’s stock in a transaction 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 transaction, the director now owns 12,968 shares of the company’s stock, valued at $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bret Richter bought 2,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was 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 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 disclosure for this purchase can be found here. Over the last ninety days, insiders bought 5,028 shares of company stock valued at $198,024. 2.08% of the stock is currently owned by company insiders.

Ziff Davis Stock Down 5.4 %

Ziff Davis stock opened at $33.48 on Friday. The company has a market capitalization of $1.44 billion, a P/E ratio of 28.37 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, Inc. has a fifty-two week low of $32.86 and a fifty-two week high of $60.62. The stock has a 50-day simple moving average of $45.43 and a 200-day simple moving average of $50.08.

Analysts Set New Price Targets

Several research firms recently commented on ZD. 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. Citigroup decreased their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group dropped their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ziff Davis has an average rating of “Moderate Buy” and an average target price of $65.67.

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.