Ziff Davis, Inc. (NASDAQ:ZD) Stock Holdings Increased by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 443,707 shares of the technology company's stock after purchasing an additional 113,157 shares during the quarter. Wellington Management Group LLP owned approximately 1.04% of Ziff Davis worth $24,111,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ZD. Millstone Evans Group LLC acquired a new stake in Ziff Davis during the 4th quarter valued at $35,000. Quadrant Capital Group LLC boosted its stake in shares of Ziff Davis by 278.9% during the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after acquiring an additional 488 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Ziff Davis during the 4th quarter worth about $37,000. First Horizon Advisors Inc. raised its stake in Ziff Davis by 42.9% in the 4th 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 last quarter. Finally, Sterling Capital Management LLC lifted its holdings in Ziff Davis by 786.0% in 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 in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group set a $40.00 price target on shares of Ziff Davis and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Citigroup cut their price target on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. 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 report on Tuesday, May 13th. Finally, Susquehanna reduced their target price on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $47.00.

Ziff Davis Trading Up 3.6%

Shares of NASDAQ ZD traded up $1.12 during midday trading on Tuesday, hitting $32.29. The stock had a trading volume of 409,625 shares, compared to its average volume of 526,474. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 1-year low of $29.15 and a 1-year high of $60.62. The company has a fifty day moving average price of $32.56 and a 200 day moving average price of $45.02. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.36 and a beta of 1.57.

Insider Activity at Ziff Davis

In other Ziff Davis news, Director W Brian Kretzmer acquired 653 shares of the company's stock in a transaction 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 acquisition, the director now directly owns 12,968 shares of the company's stock, valued at $497,063.44. This trade represents a 5.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bret Richter purchased 2,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $39.21 per share, with a total value of $98,025.00. Following the purchase, the chief financial officer now owns 16,339 shares of the company's stock, valued at approximately $640,652.19. The trade was a 18.06% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.16% of the company's stock.

About Ziff Davis

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.