Bayesian Capital Management LP Makes New Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Bayesian Capital Management LP purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,334 shares of the technology company's stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AXA S.A. grew its stake in shares of Ziff Davis by 2.7% during the fourth quarter. AXA S.A. now owns 100,218 shares of the technology company's stock worth $5,446,000 after purchasing an additional 2,601 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its position in shares of Ziff Davis by 15.4% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,512 shares of the technology company's stock worth $299,000 after acquiring an additional 737 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Ziff Davis by 10.7% in the 4th quarter. Northern Trust Corp now owns 565,267 shares of the technology company's stock valued at $30,717,000 after acquiring an additional 54,477 shares during the last quarter. Hancock Whitney Corp acquired a new stake in shares of Ziff Davis during the 4th quarter worth about $232,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Ziff Davis by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,684 shares of the technology company's stock worth $1,994,000 after purchasing an additional 2,472 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $60.00 to $33.00 in a research report on Tuesday, April 22nd. UBS Group cut their target price on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup reduced their target price on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $58.33.

Insider Activity at Ziff Davis

In other Ziff Davis news, Director W Brian Kretzmer acquired 653 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the purchase, the director now directly owns 12,968 shares in the company, valued at $497,063.44. This represents a 5.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bret Richter bought 2,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was 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 owns 16,339 shares in the company, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,028 shares of company stock worth $198,024. 2.16% of the stock is currently owned by insiders.

Ziff Davis Trading Down 4.5 %

NASDAQ ZD traded down $1.47 during mid-day trading on Friday, reaching $30.91. 1,118,302 shares of the stock were exchanged, compared to its average volume of 515,174. The business's fifty day simple moving average is $35.26 and its 200 day simple moving average is $47.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $1.33 billion, a PE ratio of 26.20 and a beta of 1.57. Ziff Davis, Inc. has a 1-year low of $29.15 and a 1-year high of $60.62.

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.