Ziff Davis, Inc. (NASDAQ:ZD) Director Sarah Ann Fay Acquires 1,282 Shares of Stock

Ziff Davis, Inc. (NASDAQ:ZD) Director Sarah Ann Fay purchased 1,282 shares of Ziff Davis stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $39.00 per share, with a total value of $49,998.00. Following the transaction, the director now owns 18,655 shares in the company, valued at $727,545. The trade was a 7.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ziff Davis Trading Down 2.2 %

Shares of ZD opened at $39.08 on Wednesday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 33.12 and a beta of 1.36. 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 firm’s 50-day moving average is $52.38 and its two-hundred day moving average is $51.37. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $68.91.

Institutional Trading of Ziff Davis

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new position in shares of Ziff Davis during the 4th quarter valued at $755,000. Western Wealth Management LLC purchased a new position in Ziff Davis in the fourth quarter valued at about $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ziff Davis by 17.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company’s stock worth $8,529,000 after purchasing an additional 23,623 shares in the last quarter. Sherbrooke Park Advisers LLC boosted its position in shares of Ziff Davis by 10.9% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company’s stock worth $292,000 after buying an additional 527 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ziff Davis by 0.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company’s stock valued at $1,365,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ZD shares. Barclays increased their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Citigroup lowered their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. UBS Group dropped their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price target on Ziff Davis from $70.00 to $60.00 and set an “overweight” 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.