American Century Companies Inc. Trims Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

American Century Companies Inc. lessened its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 79.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,641 shares of the technology company’s stock after selling 256,407 shares during the period. American Century Companies Inc.’s holdings in Ziff Davis were worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in shares of Ziff Davis in the 4th quarter valued at about $35,000. Teacher Retirement System of Texas raised its stake in Ziff Davis by 15.8% in the fourth quarter. Teacher Retirement System of Texas now owns 33,007 shares of the technology company’s stock valued at $1,794,000 after purchasing an additional 4,506 shares in the last quarter. Tocqueville Asset Management L.P. lifted its position in Ziff Davis by 4.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 93,700 shares of the technology company’s stock valued at $5,092,000 after purchasing an additional 3,700 shares during the last quarter. Cibc World Markets Corp purchased a new position in Ziff Davis in the 4th quarter worth approximately $224,000. Finally, Ruffer LLP purchased a new position in Ziff Davis in the 4th quarter worth approximately $7,946,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ZD. Citigroup dropped their price objective on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. UBS Group cut their price objective on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.67.

Insider Buying and Selling

In other news, Director W Brian Kretzmer bought 653 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sarah Ann Fay purchased 1,282 shares of Ziff Davis stock in a transaction that occurred 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 acquisition, the director now owns 18,655 shares in the company, valued at $727,545. This trade represents a 7.38 % 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 in the last ninety days. 2.08% of the stock is owned by insiders.

Ziff Davis Stock Down 5.4 %

Shares of NASDAQ:ZD opened at $33.48 on Monday. Ziff Davis, Inc. has a 12-month low of $32.86 and a 12-month high of $60.62. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock’s 50-day moving average price is $45.43 and its 200-day moving average price is $50.05. The stock has a market capitalization of $1.44 billion, a P/E ratio of 28.37 and a beta of 1.47.

Ziff Davis 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.