Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC trimmed its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 50,524 shares of the technology company’s stock after selling 671 shares during the period. Bridge City Capital LLC’s holdings in Ziff Davis were worth $2,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Ziff Davis in the 4th quarter valued at approximately $35,000. Wilmington Savings Fund Society FSB purchased a new position in Ziff Davis in the third quarter worth approximately $37,000. First Horizon Advisors Inc. increased its stake in Ziff Davis by 42.9% during the fourth 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. TD Private Client Wealth LLC raised its position in Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after purchasing an additional 249 shares during the period. Finally, Central Pacific Bank Trust Division lifted its stake in shares of 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 purchasing an additional 490 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Activity at Ziff Davis

In related news, Director Sarah Ann Fay acquired 1,282 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the transaction, the director now owns 18,655 shares in the company, valued at $727,545. This represents a 7.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bret Richter bought 2,500 shares of Ziff Davis stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased 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 $640,652.19. This represents a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 5,028 shares of company stock worth $198,024. Corporate insiders own 2.08% of the company’s stock.

Ziff Davis Stock Performance

NASDAQ ZD opened at $41.82 on Friday. The company has a market cap of $1.79 billion, a P/E ratio of 35.44 and a beta of 1.42. Ziff Davis, Inc. has a 1-year low of $37.62 and a 1-year high of $63.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50-day moving average of $48.42 and a two-hundred day moving average of $50.73.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZD. 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 research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup lowered their price objective on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.