Nuveen Asset Management LLC Trims Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Nuveen Asset Management LLC lowered its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 95.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 662,208 shares of the technology company's stock after selling 13,314,316 shares during the period. Nuveen Asset Management LLC owned 1.55% of Ziff Davis worth $35,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Millstone Evans Group LLC purchased a new position in Ziff Davis during the fourth quarter worth approximately $35,000. Quadrant Capital Group LLC raised its holdings in shares of Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock worth $36,000 after acquiring an additional 488 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Ziff Davis in the fourth quarter valued at about $37,000. First Horizon Advisors Inc. grew its holdings in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock valued at $47,000 after purchasing an additional 260 shares during the period. Finally, Sterling Capital Management LLC increased its position in Ziff Davis by 786.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company's stock worth $76,000 after purchasing an additional 1,234 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Trading Up 0.0%

Shares of ZD stock traded up $0.01 on Monday, hitting $30.90. The stock had a trading volume of 547,611 shares, compared to its average volume of 523,553. The company's 50 day moving average price is $33.79 and its 200-day moving average price is $46.09. Ziff Davis, Inc. has a 1 year low of $29.15 and a 1 year high of $60.62. 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 firm has a market capitalization of $1.30 billion, a P/E ratio of 26.19 and a beta of 1.57.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Ziff Davis

In other news, CFO Bret Richter purchased 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the purchase, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at $640,652.19. The trade was a 18.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Brian Kretzmer purchased 653 shares of the business's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the purchase, the director now owns 12,968 shares of the company's stock, valued at $497,063.44. This represents a 5.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 5,028 shares of company stock valued at $198,024 in the last three months. 2.16% of the stock is owned by corporate insiders.

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.