Wellington Management Group LLP Raises Position in Ziff Davis, Inc. (NASDAQ:ZD)

Wellington Management Group LLP increased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 34.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 1.04% of Ziff Davis worth $24,111,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new stake in shares of Ziff Davis in the 4th quarter valued at $755,000. Western Wealth Management LLC purchased a new position in Ziff Davis in the fourth quarter valued at $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ziff Davis by 17.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,960 shares of the technology company's stock valued at $8,529,000 after buying an additional 23,623 shares in the last quarter. Sherbrooke Park Advisers LLC lifted its holdings in Ziff Davis by 10.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,369 shares of the technology company's stock worth $292,000 after buying an additional 527 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ziff Davis by 0.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,112 shares of the technology company's stock worth $1,365,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Insider Buying and Selling at Ziff Davis

In related news, Director W Brian Kretzmer purchased 653 shares of the business's stock in a transaction dated 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 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.16% of the stock is currently owned by company insiders.

Ziff Davis Stock Performance

ZD stock traded up $0.40 on Wednesday, hitting $32.69. The company's stock had a trading volume of 437,155 shares, compared to its average volume of 527,780. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 27.70 and a beta of 1.60. The firm has a 50 day moving average of $32.27 and a two-hundred day moving average of $44.85. The company has a current ratio of 1.42, a quick 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group set a $40.00 target price on Ziff Davis and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Citigroup dropped their price target on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. downgraded shares of Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Barclays dropped their target price on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 13th. Finally, 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 report on Monday, May 12th. 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, Ziff Davis currently has an average rating of "Hold" and an average price target of $47.00.

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.