CDAM UK Ltd Increases Position in Ziff Davis, Inc. (NASDAQ:ZD)

CDAM UK Ltd grew its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,492,860 shares of the technology company’s stock after purchasing an additional 213,071 shares during the quarter. Ziff Davis accounts for 12.2% of CDAM UK Ltd’s portfolio, making the stock its 3rd largest position. CDAM UK Ltd’s holdings in Ziff Davis were worth $81,122,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC boosted its holdings in Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after buying an additional 249 shares in the last quarter. First Horizon Advisors Inc. grew its position in Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after purchasing an additional 260 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in Ziff Davis by 17.9% during 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 period. Hunter Perkins Capital Management LLC lifted its holdings in shares of Ziff Davis by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company’s stock valued at $807,000 after purchasing an additional 565 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Ziff Davis in the fourth quarter worth $35,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Down 5.4 %

Shares of Ziff Davis stock opened at $33.48 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 28.37 and a beta of 1.47. The stock has a 50-day simple moving average of $45.43 and a 200-day simple moving average of $50.08. Ziff Davis, Inc. has a 52-week low of $32.86 and a 52-week high of $60.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

Analysts Set New Price Targets

Several brokerages recently issued reports on ZD. JPMorgan Chase & Co. reduced their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Citigroup reduced their price target 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. Finally, UBS Group lowered their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.67.

Insider Activity at Ziff Davis

In related news, Director W Brian Kretzmer bought 653 shares of Ziff Davis stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the acquisition, the director now owns 12,968 shares in the company, valued at $497,063.44. This trade represents 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 purchased 2,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average price 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. The trade was a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 5,028 shares of company stock valued at $198,024. 2.08% of the stock is currently owned by corporate insiders.

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.