Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,202 shares of the technology company’s stock after selling 23,704 shares during the period. Prudential Financial Inc. owned about 0.18% of Ziff Davis worth $4,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZD. TD Private Client Wealth LLC increased its position 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 valued at $75,000 after purchasing an additional 249 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after buying an additional 260 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in Ziff Davis by 17.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock valued at $175,000 after buying an additional 490 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its holdings in Ziff Davis by 4.0% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company’s stock worth $807,000 after buying an additional 565 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Ziff Davis during the 4th quarter worth about $35,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Bret Richter purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost 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 $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now owns 12,968 shares in the company, valued at $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 5,028 shares of company stock valued at $198,024 in the last ninety days. 2.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZD. UBS Group cut their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Citigroup cut their price objective 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $65.67.

Ziff Davis Trading Up 0.5 %

ZD opened at $37.75 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 52 week low of $36.82 and a 52 week high of $61.47. The business’s 50 day moving average is $46.50 and its two-hundred day moving average is $50.37. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 31.99 and a beta of 1.42.

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.