Deutsche Bank AG Boosts Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Deutsche Bank AG grew its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 132.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,353 shares of the technology company's stock after purchasing an additional 36,131 shares during the period. Deutsche Bank AG owned about 0.15% of Ziff Davis worth $3,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ZD. Principal Financial Group Inc. raised its position in Ziff Davis by 36.4% in the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock worth $10,267,000 after acquiring an additional 56,352 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Ziff Davis by 19.8% in 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 acquiring an additional 57,830 shares during the period. Pacer Advisors Inc. raised its position 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 worth $68,861,000 after acquiring an additional 1,265,967 shares during the period. Charles Schwab Investment Management Inc. raised its position in Ziff Davis by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock worth $41,187,000 after acquiring an additional 62,402 shares during the period. Finally, Choreo LLC raised its position in Ziff Davis by 28.8% in the fourth quarter. Choreo LLC now owns 10,369 shares of the technology company's stock worth $566,000 after acquiring an additional 2,318 shares during the period. Hedge funds and other institutional investors own 99.76% of the company's stock.

Insider Activity

In related news, Director W Brian Kretzmer bought 653 shares of the company's stock in a transaction on Thursday, March 6th. The stock was acquired 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 directly owns 12,968 shares in the company, valued at $497,063.44. This trade represents a 5.30% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sarah Ann Fay bought 1,282 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, with a total value of $49,998.00. Following the completion of the transaction, the director now owns 18,655 shares of the company's stock, valued at $727,545. The trade was a 7.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 5,028 shares of company stock worth $198,024. 2.16% of the stock is owned by company insiders.

Analyst Ratings Changes

ZD has been the topic of several research reports. Susquehanna lowered 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. 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. Barclays reduced their target price 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. Citigroup reduced their target price 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. Finally, JPMorgan Chase & Co. downgraded shares of Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $47.00.

Ziff Davis Stock Performance

Shares of ZD traded up $0.01 during trading hours on Monday, hitting $30.90. The company's stock had a trading volume of 547,611 shares, compared to its average volume of 523,553. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 26.19 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 business has a 50 day simple moving average of $33.57 and a two-hundred day simple moving average of $45.91. Ziff Davis, Inc. has a 52-week low of $29.15 and a 52-week high of $60.62.

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.