Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 49.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,898 shares of the technology company's stock after selling 11,866 shares during the period. Envestnet Asset Management Inc.'s holdings in Ziff Davis were worth $647,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. CDAM UK Ltd increased its holdings in shares of Ziff Davis by 16.6% in the 4th 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 in the last quarter. Pacer Advisors Inc. increased its holdings in 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 valued at $68,861,000 after buying an additional 1,265,967 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ziff Davis by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock valued at $41,187,000 after acquiring an additional 62,402 shares during the period. Wellington Management Group LLP boosted its stake in shares of Ziff Davis by 34.2% during the 4th quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company's stock worth $24,111,000 after acquiring an additional 113,157 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Ziff Davis by 369.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock worth $23,626,000 after acquiring an additional 342,207 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Insider Buying and Selling at Ziff Davis

In related news, Director Sarah Ann Fay acquired 1,282 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the acquisition, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. The trade was a 7.38 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Bret Richter bought 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought 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 of the company's stock, valued at approximately $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 three months, insiders acquired 5,028 shares of company stock worth $198,024. Insiders own 2.16% of the company's stock.

Ziff Davis Price Performance

Shares of ZD traded up $0.18 during trading hours on Wednesday, reaching $31.63. 600,392 shares of the company traded hands, compared to its average volume of 511,122. The stock has a market capitalization of $1.36 billion, a PE ratio of 26.81 and a beta of 1.57. The stock has a fifty day simple moving average of $35.77 and a 200 day simple moving average of $47.42. Ziff Davis, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $60.62. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group decreased 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. Citigroup cut their price target 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. Finally, JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $58.33.

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.