Jane Street Group LLC Lowers Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZD. Millstone Evans Group LLC purchased a new position in Ziff Davis in the 4th quarter valued at $35,000. Quadrant Capital Group LLC grew its position in Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after buying an additional 488 shares during the last quarter. Summit Securities Group LLC purchased a new position in Ziff Davis in the 4th quarter valued at $37,000. First Horizon Advisors Inc. grew its position 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 buying an additional 260 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position 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 buying an additional 1,234 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ziff Davis

In other news, CFO Bret Richter bought 2,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased 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 $640,652.19. This trade represents a 18.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Brian Kretzmer bought 653 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.33 per share, with a total value of $25,029.49. Following the purchase, the director now directly owns 12,968 shares in the company, valued at $497,063.44. The trade was a 5.30% increase in their position. The disclosure for this purchase can be found here. Insiders bought 5,028 shares of company stock valued at $198,024 in the last 90 days. 2.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays reduced their target price on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Susquehanna reduced their target price on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a report on Monday, May 12th. UBS Group set a $40.00 target price on Ziff Davis and gave the company a "neutral" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. downgraded Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. Finally, Citigroup reduced their target price 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $47.00.

Ziff Davis Price Performance

Shares of NASDAQ:ZD traded up $0.04 during midday trading on Thursday, hitting $30.89. 623,015 shares of the stock were exchanged, compared to its average volume of 523,292. The stock has a market cap of $1.30 billion, a P/E ratio of 26.18 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. Ziff Davis, Inc. has a twelve month low of $29.15 and a twelve month high of $60.62. The company has a 50 day moving average price of $33.98 and a 200-day moving average price of $46.25.

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.