ArrowMark Colorado Holdings LLC decreased its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,877,394 shares of the technology company's stock after selling 82,838 shares during the quarter. Ziff Davis comprises approximately 2.1% of ArrowMark Colorado Holdings LLC's portfolio, making the stock its 6th biggest holding. ArrowMark Colorado Holdings LLC owned about 6.73% of Ziff Davis worth $156,358,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of Ziff Davis during the 4th quarter worth $35,000. Quadrant Capital Group LLC lifted its holdings in shares of Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after purchasing an additional 488 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Ziff Davis in the fourth quarter valued at about $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ziff Davis in the third quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.
Ziff Davis Stock Performance
Shares of NASDAQ:ZD traded down $0.27 during trading hours on Tuesday, hitting $31.45. The stock had a trading volume of 361,714 shares, compared to its average volume of 510,765. The stock's fifty day simple moving average is $35.96 and its 200 day simple moving average is $47.53. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 26.65 and a beta of 1.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a 1-year low of $29.15 and a 1-year high of $60.62.
Analyst Ratings Changes
A number of analysts recently commented on ZD shares. UBS Group dropped their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. downgraded shares of Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Finally, Citigroup lowered their price objective on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a research 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $58.33.
View Our Latest Analysis on ZD
Insider Activity at Ziff Davis
In other news, Director Sarah Ann Fay bought 1,282 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the acquisition, the director now directly owns 18,655 shares in the company, valued at $727,545. This represents a 7.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Brian Kretzmer bought 653 shares of the business's stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the purchase, the director now owns 12,968 shares in the company, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 5,028 shares of company stock worth $198,024 over the last quarter. 2.16% of the stock is currently owned by company insiders.
About Ziff Davis
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Free Report)
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.
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