Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC cut its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,524 shares of the technology company’s stock after selling 671 shares during the period. Bridge City Capital LLC owned 0.12% of Ziff Davis worth $2,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Ziff Davis by 69.8% in the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 22,155 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Ziff Davis during the third quarter worth $217,000. Intech Investment Management LLC grew its holdings in shares of Ziff Davis by 213.6% during the third quarter. Intech Investment Management LLC now owns 12,689 shares of the technology company’s stock valued at $617,000 after buying an additional 8,643 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ziff Davis by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock valued at $33,845,000 after acquiring an additional 60,472 shares during the period. Finally, Clark Estates Inc. NY raised its stake in Ziff Davis by 35.1% in the 3rd quarter. Clark Estates Inc. NY now owns 66,700 shares of the technology company’s stock worth $3,246,000 after acquiring an additional 17,325 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ZD. Citigroup dropped their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, 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 research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Ziff Davis currently has a consensus rating of “Moderate Buy” and an average target price of $65.67.

Insider Buying and Selling

In related news, Director W Brian Kretzmer acquired 653 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, with a total value of $25,029.49. Following the completion of the acquisition, the director now directly owns 12,968 shares in the company, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bret Richter bought 2,500 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 16,339 shares of the company’s stock, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.08% of the company’s stock.

Ziff Davis Trading Down 0.4 %

Ziff Davis stock opened at $41.82 on Friday. The firm has a market cap of $1.79 billion, a PE ratio of 35.44 and a beta of 1.42. Ziff Davis, Inc. has a 12 month low of $37.62 and a 12 month high of $63.87. The stock’s 50 day simple moving average is $48.42 and its two-hundred day simple moving average is $50.73. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

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.