Centiva Capital LP Purchases New Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Centiva Capital LP acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,743 shares of the technology company's stock, valued at approximately $475,000.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock worth $68,861,000 after buying an additional 1,265,967 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ziff Davis by 369.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock worth $23,626,000 after purchasing an additional 342,207 shares during the last quarter. Legal & General Group Plc raised its position in shares of Ziff Davis by 12.4% during the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock valued at $131,826,000 after buying an additional 267,436 shares during the period. CDAM UK Ltd raised its position in Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock valued at $81,122,000 after purchasing an additional 213,071 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Ziff Davis by 170.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company's stock valued at $14,115,000 after purchasing an additional 163,708 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Stock Performance

NASDAQ:ZD traded down $0.62 during trading hours on Friday, hitting $32.32. 278,227 shares of the company traded hands, compared to its average volume of 517,393. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.44 and a beta of 1.57. Ziff Davis, Inc. has a twelve month low of $29.15 and a twelve month high of $60.62. The firm has a 50-day moving average of $34.81 and a 200 day moving average of $46.76. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

Insider Activity at Ziff Davis

In other Ziff Davis news, CFO Bret Richter purchased 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the purchase, the chief financial officer now owns 16,339 shares of the company's stock, valued at approximately $640,652.19. The trade was a 18.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sarah Ann Fay acquired 1,282 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, with a total value of $49,998.00. Following the transaction, the director now directly owns 18,655 shares of the company's stock, valued at $727,545. This trade represents a 7.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 5,028 shares of company stock valued at $198,024 in the last ninety days. Insiders own 2.16% of the company's stock.

Analyst Ratings Changes

ZD has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered 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 report on Tuesday, April 22nd. Susquehanna dropped their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research note on Monday. Barclays decreased their price target on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a report on Tuesday. UBS Group reduced their target price on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, Citigroup dropped their price target on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $49.67.

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.