CDAM UK Ltd Buys 213,071 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

CDAM UK Ltd raised its position in Ziff Davis, Inc. (NASDAQ:ZD) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,492,860 shares of the technology company’s stock after acquiring an additional 213,071 shares during the quarter. Ziff Davis accounts for about 12.2% of CDAM UK Ltd’s investment portfolio, making the stock its 3rd largest holding. CDAM UK Ltd owned approximately 3.49% of Ziff Davis worth $81,122,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ZD. Millstone Evans Group LLC purchased a new position in Ziff Davis in the fourth quarter valued at about $35,000. Summit Securities Group LLC purchased a new position in shares of Ziff Davis during the 4th quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ziff Davis during the third quarter worth approximately $37,000. First Horizon Advisors Inc. increased its stake in shares of 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 buying an additional 260 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after acquiring an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Buying and Selling

In other Ziff Davis news, Director Sarah Ann Fay bought 1,282 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the transaction, the director now directly owns 18,655 shares in the company, valued at $727,545. The trade was a 7.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bret Richter bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the purchase, the chief financial officer now directly owns 16,339 shares in the company, valued at $640,652.19. This represents a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 5,028 shares of company stock worth $198,024 in the last three months. 2.08% of the stock is owned by insiders.

Ziff Davis Stock Performance

Shares of ZD stock opened at $33.48 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 28.37 and a beta of 1.47. The business has a 50 day moving average of $45.43 and a two-hundred day moving average of $50.08. Ziff Davis, Inc. has a 52 week low of $32.86 and a 52 week high of $60.62. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group decreased their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Citigroup lowered their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.