Ziff Davis, Inc. (NASDAQ:ZD) Director W Brian Kretzmer Purchases 653 Shares

Ziff Davis, Inc. (NASDAQ:ZD) Director W Brian Kretzmer bought 653 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $38.33 per share, with a total value of $25,029.49. Following the acquisition, the director now directly owns 12,968 shares of the company’s stock, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ziff Davis Stock Up 4.3 %

Ziff Davis stock opened at $40.85 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 12 month low of $37.62 and a 12 month high of $68.53. The stock has a market capitalization of $1.75 billion, a PE ratio of 34.62 and a beta of 1.42. The business has a 50 day simple moving average of $51.32 and a 200-day simple moving average of $51.16.

Analysts Set New Price Targets

ZD has been the subject of several recent research reports. Citigroup reduced their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Barclays lifted their price target on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group reduced 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. reduced their price target 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.67.

Institutional Trading of Ziff Davis

Several large investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in shares of Ziff Davis by 8.5% during the fourth 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 increased its position in shares of Ziff Davis by 12.4% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ziff Davis by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock worth $131,112,000 after purchasing an additional 118,979 shares in the last quarter. CDAM UK Ltd increased its position in shares of Ziff Davis by 16.6% during the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock worth $81,122,000 after purchasing an additional 213,071 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Ziff Davis by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after buying an additional 36,863 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.