First Trust Advisors LP Acquires 44,569 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

First Trust Advisors LP grew its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 105.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,768 shares of the technology company's stock after acquiring an additional 44,569 shares during the quarter. First Trust Advisors LP owned about 0.20% of Ziff Davis worth $4,715,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Farringdon Capital Ltd. acquired a new position in shares of Ziff Davis in the 4th quarter worth approximately $236,000. Sterling Capital Management LLC grew its position in shares of 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 acquiring an additional 1,234 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ziff Davis in the 4th quarter worth about $5,780,000. Legal & General Group Plc boosted its stake in Ziff Davis by 12.4% during the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock valued at $131,826,000 after purchasing an additional 267,436 shares during the period. Finally, Bank of Montreal Can boosted its stake in Ziff Davis by 11.0% during the 4th quarter. Bank of Montreal Can now owns 5,608 shares of the technology company's stock valued at $305,000 after purchasing an additional 554 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Trading Up 2.0 %

Shares of Ziff Davis stock traded up $0.64 on Wednesday, reaching $32.09. 36,163 shares of the company were exchanged, compared to its average volume of 508,921. Ziff Davis, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $60.62. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 27.19 and a beta of 1.57. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $35.77 and a 200-day moving average price of $47.42.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, CFO Bret Richter acquired 2,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the transaction, the chief financial officer now owns 16,339 shares of the company's stock, valued at $640,652.19. The trade was a 18.06 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sarah Ann Fay acquired 1,282 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now owns 18,655 shares in the company, valued at approximately $727,545. This trade represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 5,028 shares of company stock valued at $198,024. 2.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ZD. UBS Group lowered their target price on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut Ziff Davis from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Finally, Citigroup cut their price objective on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Four equities 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.com, the company currently has a consensus rating of "Hold" and an average target price of $58.33.

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.