Ziff Davis, Inc. (NASDAQ:ZD) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,267 shares of the technology company’s stock after buying an additional 54,477 shares during the quarter. Northern Trust Corp owned approximately 1.32% of Ziff Davis worth $30,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millstone Evans Group LLC acquired a new position in Ziff Davis in the 4th quarter valued at $35,000. Quadrant Capital Group LLC grew its stake in Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock valued at $36,000 after acquiring an additional 488 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Ziff Davis in the fourth quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ziff Davis during the 3rd quarter worth $37,000. Finally, First Horizon Advisors Inc. grew its position in Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after acquiring an additional 260 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Activity at Ziff Davis

In other 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 bought at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the purchase, the chief financial officer now directly owns 16,339 shares of the company’s stock, valued at $640,652.19. The trade was a 18.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Brian Kretzmer acquired 653 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 12,968 shares in the company, valued at approximately $497,063.44. The trade was a 5.30 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 5,028 shares of company stock worth $198,024. Company insiders own 2.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ZD. Citigroup decreased their price objective on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. UBS Group lowered their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut Ziff Davis from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Ziff Davis Stock Performance

Shares of ZD stock opened at $30.91 on Friday. Ziff Davis, Inc. has a 52 week low of $29.15 and a 52 week high of $60.62. The firm has a 50 day moving average of $35.26 and a two-hundred day moving average of $47.12. 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 stock has a market capitalization of $1.33 billion, a PE ratio of 26.20 and a beta of 1.57.

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.