Seizert Capital Partners LLC Sells 1,241 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Seizert Capital Partners LLC lowered its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,029 shares of the technology company’s stock after selling 1,241 shares during the quarter. Seizert Capital Partners LLC’s holdings in Ziff Davis were worth $3,153,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Ziff Davis during the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. raised its holdings in shares of Ziff Davis by 42.9% in 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 during the period. TD Private Client Wealth LLC raised its holdings in shares of Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after purchasing an additional 249 shares during the period. Central Pacific Bank Trust Division raised its holdings 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 worth $175,000 after purchasing an additional 490 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of Ziff Davis in the 3rd quarter worth approximately $210,000. Institutional investors own 99.76% of the company’s stock.

Insider Activity

In related news, Director Sarah Ann Fay bought 1,282 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now owns 18,655 shares of the company’s stock, valued at approximately $727,545. The trade was a 7.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ZD shares. UBS Group lowered their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Citigroup lowered their price target on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, Barclays boosted their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Trading Down 2.2 %

Shares of ZD stock opened at $39.08 on Wednesday. The company’s fifty day simple moving average is $52.38 and its two-hundred day simple moving average is $51.37. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 33.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $68.91.

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.