Deutsche Bank AG Has $3.44 Million Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Deutsche Bank AG lifted its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 132.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,353 shares of the technology company's stock after buying an additional 36,131 shares during the period. Deutsche Bank AG owned 0.15% of Ziff Davis worth $3,443,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Ziff Davis by 36.4% during the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock valued at $10,267,000 after purchasing an additional 56,352 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in Ziff Davis by 19.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company's stock valued at $19,052,000 after purchasing an additional 57,830 shares during the period. Exchange Traded Concepts LLC acquired a new position in Ziff Davis during the 4th quarter valued at about $3,078,000. Hunter Perkins Capital Management LLC boosted its stake in Ziff Davis by 4.0% during the 4th 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. Finally, Pacer Advisors Inc. boosted its stake in Ziff Davis by 100,954.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock valued at $68,861,000 after purchasing an additional 1,265,967 shares during the period. Institutional investors own 99.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ZD shares. Citigroup reduced their price target on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Barclays reduced their price target on shares of 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. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Susquehanna reduced their price target 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, May 12th. Finally, UBS Group set a $40.00 price target on shares of Ziff Davis and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Ziff Davis has a consensus rating of "Hold" and an average target price of $47.00.

Ziff Davis Price Performance

ZD stock traded up $0.01 on Friday, hitting $30.90. 547,611 shares of the company's stock traded hands, compared to its average volume of 523,614. Ziff Davis, Inc. has a 1-year low of $29.15 and a 1-year high of $60.62. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 26.19 and a beta of 1.57. The stock has a fifty day moving average of $33.98 and a 200-day moving average of $46.25. 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 related news, Director W Brian Kretzmer acquired 653 shares of the company's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the purchase, the director now owns 12,968 shares in the company, valued at $497,063.44. This 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 can be accessed through this link. Also, Director Sarah Ann Fay acquired 1,282 shares of the company's stock in a transaction on 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 approximately $727,545. This trade represents a 7.38% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 5,028 shares of company stock valued at $198,024 over the last ninety days. Insiders own 2.16% of the company's stock.

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.