Ziff Davis, Inc. (NASDAQ:ZD) Position Cut by Nuveen Asset Management LLC

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

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Ziff Davis

In other news, Director W Brian Kretzmer acquired 653 shares of the business'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 completion of the purchase, the director now directly owns 12,968 shares of the company's stock, valued at $497,063.44. This represents a 5.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay bought 1,282 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares of the company's stock, valued at approximately $727,545. The trade was a 7.38% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 5,028 shares of company stock worth $198,024 over the last quarter. 2.16% of the stock is owned by corporate insiders.

Ziff Davis Trading Up 0.0%

ZD traded up $0.01 on Friday, reaching $30.90. 547,611 shares of the company's stock were exchanged, compared to its average volume of 523,614. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. 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's 50 day moving average is $33.79 and its 200-day moving average is $46.13. Ziff Davis, Inc. has a twelve month low of $29.15 and a twelve month 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.