Ameriprise Financial Inc. Sells 42,306 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Ameriprise Financial Inc. reduced its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 22.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,522 shares of the technology company's stock after selling 42,306 shares during the period. Ameriprise Financial Inc. owned about 0.35% of Ziff Davis worth $8,071,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Ziff Davis by 19.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company's stock worth $19,052,000 after purchasing an additional 57,830 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Ziff Davis during the fourth quarter valued at approximately $3,078,000. Hunter Perkins Capital Management LLC grew its holdings 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 period. Pacer Advisors Inc. boosted its holdings 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 valued at $68,861,000 after buying an additional 1,265,967 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Ziff Davis in the fourth quarter valued at approximately $318,000. 99.76% of the stock is owned by institutional investors.

Ziff Davis Stock Performance

ZD stock traded up $1.20 during trading hours on Tuesday, reaching $32.10. The stock had a trading volume of 513,010 shares, compared to its average volume of 523,511. The stock has a market capitalization of $1.35 billion, a PE ratio of 27.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50-day simple moving average of $33.37 and a 200 day simple moving average of $45.81. Ziff Davis, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $60.62.

Analyst Ratings Changes

Several research firms have recently weighed in on ZD. JPMorgan Chase & Co. cut shares of Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. Susquehanna cut their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Barclays cut their price objective on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 13th. Citigroup cut their price objective on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Ziff Davis has a consensus rating of "Hold" and an average target price of $47.00.

Insider Buying and Selling at Ziff Davis

In related news, Director Sarah Ann Fay bought 1,282 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now owns 18,655 shares in the company, valued at $727,545. This represents a 7.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bret Richter bought 2,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were 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 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. Insiders bought a total of 5,028 shares of company stock worth $198,024 over the last quarter. 2.16% of the stock is currently owned by insiders.

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.