Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Aequim Alternative Investments LP

Aequim Alternative Investments LP decreased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 61.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,033 shares of the technology company's stock after selling 11,281 shares during the quarter. Aequim Alternative Investments LP's holdings in Ziff Davis were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position in shares of Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock valued at $47,000 after acquiring an additional 260 shares during the period. Quadrant Capital Group LLC boosted its holdings in Ziff Davis by 278.9% in the fourth 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 during the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Ziff Davis by 17.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock valued at $175,000 after purchasing an additional 490 shares during the last quarter. Bank of Montreal Can grew its holdings in Ziff Davis by 11.0% during the 4th quarter. Bank of Montreal Can now owns 5,608 shares of the technology company's stock worth $305,000 after acquiring an additional 554 shares during the period. Finally, Hunter Perkins Capital Management LLC increased its holdings in Ziff Davis by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock worth $807,000 after purchasing an additional 565 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ZD shares. Citigroup lowered their target price on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. UBS Group dropped their price target on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. downgraded 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $58.33.

Insider Transactions at Ziff Davis

In related news, CFO Bret Richter acquired 2,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $39.21 per share, with a total value of $98,025.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director W Brian Kretzmer purchased 653 shares of Ziff Davis stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $38.33 per share, with a total value of $25,029.49. Following the acquisition, the director now owns 12,968 shares in the company, valued at approximately $497,063.44. This represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 5,028 shares of company stock worth $198,024 in the last quarter. Company insiders own 2.16% of the company's stock.

Ziff Davis Stock Up 3.8 %

Shares of NASDAQ:ZD traded up $1.21 during trading on Thursday, reaching $32.84. 373,227 shares of the stock traded hands, compared to its average volume of 511,297. The stock has a 50-day moving average of $35.58 and a two-hundred day moving average of $47.31. Ziff Davis, Inc. has a 52-week low of $29.15 and a 52-week high of $60.62. The stock has a market cap of $1.41 billion, a P/E ratio of 27.83 and a beta of 1.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

Ziff Davis Company 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.