6,706 Shares in Ziff Davis, Inc. (NASDAQ:ZD) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,706 shares of the technology company’s stock, valued at approximately $364,000.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new stake in shares of Ziff Davis in the fourth quarter valued at approximately $219,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Ziff Davis by 1.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 101,777 shares of the technology company’s stock valued at $5,531,000 after buying an additional 1,811 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Ziff Davis in the 4th quarter worth $1,273,000. KLP Kapitalforvaltning AS purchased a new position in shares of Ziff Davis during the 4th quarter worth $533,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Ziff Davis during the 4th quarter valued at about $35,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup reduced their target price on shares of 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 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. Finally, JPMorgan Chase & Co. lowered their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” 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’s stock. According to MarketBeat.com, Ziff Davis presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Stock Performance

Shares of ZD stock opened at $37.75 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $1.62 billion, a P/E ratio of 31.99 and a beta of 1.42. The firm’s 50 day moving average price is $46.50 and its 200-day moving average price is $50.37. Ziff Davis, Inc. has a one year low of $36.82 and a one year high of $61.47.

Insiders Place Their Bets

In other Ziff Davis news, CFO Bret Richter bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $39.21 per share, with a total value of $98,025.00. Following the purchase, the chief financial officer now directly owns 16,339 shares in the company, valued at approximately $640,652.19. This represents a 18.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Brian Kretzmer bought 653 shares of Ziff Davis stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the acquisition, the director now owns 12,968 shares in the company, valued at $497,063.44. This represents a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 5,028 shares of company stock worth $198,024 over the last ninety days. Corporate insiders own 2.08% of the company’s stock.

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.