Dimensional Fund Advisors LP Grows Position in Ziff Davis, Inc. (NASDAQ:ZD)

Dimensional Fund Advisors LP grew its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,412,780 shares of the technology company's stock after purchasing an additional 118,979 shares during the period. Dimensional Fund Advisors LP owned approximately 5.65% of Ziff Davis worth $131,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in Ziff Davis in the 4th quarter worth approximately $35,000. Quadrant Capital Group LLC grew its position in 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Ziff Davis during the third quarter valued at about $37,000. Summit Securities Group LLC bought a new stake in Ziff Davis during the fourth quarter worth about $37,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Ziff Davis by 42.9% in the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

Insiders Place Their Bets

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

Ziff Davis Trading Up 1.9 %

Shares of ZD stock traded up $0.55 during trading hours on Thursday, reaching $30.08. The company's stock had a trading volume of 88,181 shares, compared to its average volume of 508,293. 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 $1.29 billion, a P/E ratio of 25.58 and a beta of 1.47. The firm's fifty day simple moving average is $36.86 and its 200 day simple moving average is $47.83. Ziff Davis, Inc. has a one year low of $29.15 and a one year high of $60.62.

Analysts Set New Price Targets

ZD has been the subject of several research reports. Citigroup cut their target price on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. Finally, UBS Group cut their price target on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.