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

Ameriprise Financial Inc. decreased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,522 shares of the technology company's stock after selling 42,306 shares during the period. Ameriprise Financial Inc. owned 0.35% of Ziff Davis worth $8,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AXA S.A. raised its position in Ziff Davis by 2.7% during the 4th quarter. AXA S.A. now owns 100,218 shares of the technology company's stock valued at $5,446,000 after purchasing an additional 2,601 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its position in shares of Ziff Davis by 15.4% in 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 raised its position 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 worth $30,717,000 after acquiring an additional 54,477 shares in the last quarter. Hancock Whitney Corp bought a new position in shares of Ziff Davis in the 4th quarter worth approximately $232,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Ziff Davis by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,684 shares of the technology company's stock worth $1,994,000 after acquiring an additional 2,472 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

Insider Buying and Selling

In related news, Director W Brian Kretzmer bought 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now owns 12,968 shares of the company's stock, valued at approximately $497,063.44. This trade represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sarah Ann Fay bought 1,282 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now directly owns 18,655 shares of the company's stock, valued at $727,545. This represents a 7.38% increase in their position. The disclosure for this purchase can be found here. Insiders bought 5,028 shares of company stock valued at $198,024 over the last 90 days. Company insiders own 2.16% of the company's stock.

Analyst Ratings Changes

ZD has been the subject of several research reports. UBS Group set a $40.00 target price on Ziff Davis and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. downgraded Ziff Davis from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Citigroup lowered their price objective 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. Susquehanna lowered their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research note on Monday, May 12th. Finally, Barclays lowered their price objective on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ziff Davis has an average rating of "Hold" and an average target price of $47.00.

Ziff Davis Stock Performance

Shares of ZD opened at $30.85 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a one year low of $29.15 and a one year high of $60.62. The firm has a market capitalization of $1.30 billion, a P/E ratio of 26.14 and a beta of 1.57. The business has a fifty day moving average of $34.21 and a 200 day moving average of $46.36.

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.

Want to see what other hedge funds are holding ZD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ziff Davis, Inc. (NASDAQ:ZD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.