Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 72.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,899 shares of the technology company's stock after selling 104,089 shares during the period. Jane Street Group LLC owned about 0.09% of Ziff Davis worth $2,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Legal & General Group Plc lifted its position in shares of Ziff Davis by 12.4% in the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company's stock valued at $131,826,000 after acquiring an additional 267,436 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ziff Davis by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company's stock valued at $131,112,000 after purchasing an additional 118,979 shares during the last quarter. CDAM UK Ltd raised its position in shares of Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock valued at $81,122,000 after buying an additional 213,071 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock worth $68,861,000 after buying an additional 1,265,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Ziff Davis by 9.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company's stock worth $41,187,000 after acquiring an additional 62,402 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $39.21 per share, with a total value of $98,025.00. Following the transaction, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at approximately $640,652.19. This trade represents a 18.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sarah Ann Fay acquired 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 transaction, the director now owns 18,655 shares of the company's stock, valued at approximately $727,545. This represents a 7.38% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 5,028 shares of company stock valued at $198,024. Company insiders own 2.16% of the company's stock.

Ziff Davis Trading Down 0.3%

Shares of ZD traded down $0.11 during trading on Tuesday, reaching $32.73. 308,655 shares of the company traded hands, compared to its average volume of 520,403. The stock has a 50-day simple moving average of $34.51 and a 200-day simple moving average of $46.56. The stock has a market cap of $1.38 billion, a PE ratio of 27.74 and a beta of 1.57. Ziff Davis, Inc. has a twelve month low of $29.15 and a twelve month high of $60.62. 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 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.