New Age Alpha Advisors LLC Invests $364,000 in Ziff Davis, Inc. (NASDAQ:ZD)

New Age Alpha Advisors LLC bought a new stake in Ziff Davis, Inc. (NASDAQ:ZD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,706 shares of the technology company’s stock, valued at approximately $364,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in Ziff Davis by 100,954.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after buying an additional 1,265,967 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Ziff Davis by 170.4% during the fourth 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 last quarter. Ruffer LLP acquired a new position in Ziff Davis in the fourth quarter valued at approximately $7,946,000. Raymond James Financial Inc. purchased a new position in Ziff Davis in the fourth quarter valued at approximately $5,780,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ziff Davis by 9.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company’s stock worth $41,187,000 after purchasing an additional 62,402 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Trading Up 0.5 %

NASDAQ ZD opened at $37.75 on Wednesday. The firm’s fifty day moving average is $46.50 and its two-hundred day moving average is $50.37. Ziff Davis, Inc. has a one year low of $36.82 and a one year high of $61.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $1.62 billion, a PE ratio of 31.99 and a beta of 1.42.

Insider Activity at Ziff Davis

In other news, CFO Bret Richter bought 2,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $39.21 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sarah Ann Fay purchased 1,282 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares of the company’s stock, valued at $727,545. This represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 5,028 shares of company stock worth $198,024 in the last quarter. Company insiders own 2.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ZD shares. Citigroup dropped their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group reduced their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

Ziff Davis Company 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.