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

Ziff Davis, Inc. (NASDAQ:ZD) Director Sarah Ann Fay acquired 1,282 shares of Ziff Davis stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. The trade was a 7.38 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ziff Davis Trading Down 2.3 %

NASDAQ:ZD opened at $38.17 on Thursday. The firm has a market capitalization of $1.64 billion, a P/E ratio of 32.35 and a beta of 1.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $52.03 and a 200 day moving average of $51.34. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $68.91.

Hedge Funds Weigh In On Ziff Davis

Several hedge funds and other institutional investors have recently modified their holdings of ZD. Pacer Advisors Inc. raised its holdings in shares of Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after acquiring an additional 1,265,967 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Ziff Davis by 369.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock valued at $23,626,000 after purchasing an additional 342,207 shares during the period. Janus Henderson Group PLC raised its holdings in Ziff Davis by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after purchasing an additional 272,895 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Ziff Davis by 12.4% in the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after purchasing an additional 267,436 shares during the period. Finally, CDAM UK Ltd boosted its stake in shares of Ziff Davis by 16.6% during the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock valued at $81,122,000 after purchasing an additional 213,071 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZD. UBS Group reduced their price target 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. Barclays upped their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup cut 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Ziff Davis presently has a consensus 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.