AQR Capital Management LLC Has $12.05 Million Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

AQR Capital Management LLC decreased its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 57.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 221,814 shares of the technology company's stock after selling 300,556 shares during the period. AQR Capital Management LLC owned about 0.52% of Ziff Davis worth $12,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its position in Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock valued at $47,000 after purchasing an additional 260 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after acquiring an additional 488 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Ziff Davis by 11.0% during the fourth 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 in the last quarter. Hunter Perkins Capital Management LLC boosted its position in Ziff Davis by 4.0% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock valued at $807,000 after purchasing an additional 565 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Ziff Davis in the fourth quarter valued at about $35,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $31.72 on Tuesday. Ziff Davis, Inc. has a 1-year low of $29.15 and a 1-year high of $60.62. The firm has a fifty day simple moving average of $35.96 and a 200-day simple moving average of $47.53. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 26.88 and a beta of 1.57.

Insiders Place Their Bets

In related news, Director W Brian Kretzmer acquired 653 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the acquisition, the director now owns 12,968 shares in the company, valued at $497,063.44. This trade represents a 5.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bret Richter bought 2,500 shares of Ziff Davis stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $39.21 per share, with a total value of $98,025.00. Following the purchase, the chief financial officer now owns 16,339 shares of the company's stock, valued at $640,652.19. This trade represents a 18.06 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 5,028 shares of company stock valued at $198,024 in the last quarter. Insiders own 2.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup reduced their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. UBS Group reduced their target price 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. Finally, JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Ziff Davis currently has a consensus rating of "Hold" and an average target price of $58.33.

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.

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