Northern Trust Corp Boosts Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Northern Trust Corp raised its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 565,267 shares of the technology company's stock after acquiring an additional 54,477 shares during the period. Northern Trust Corp owned approximately 1.32% of Ziff Davis worth $30,717,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in shares of Ziff Davis by 100,954.3% during 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. Arrowstreet Capital Limited Partnership boosted its position in Ziff Davis by 369.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock valued at $23,626,000 after acquiring an additional 342,207 shares during the last quarter. Legal & General Group Plc boosted its position in Ziff Davis by 12.4% during 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 during the last quarter. CDAM UK Ltd boosted its position in Ziff Davis by 16.6% during the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company's stock valued at $81,122,000 after acquiring an additional 213,071 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Ziff Davis by 170.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company's stock valued at $14,115,000 after acquiring an additional 163,708 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

Ziff Davis Price Performance

NASDAQ:ZD traded down $0.55 during trading hours on Friday, hitting $32.39. The stock had a trading volume of 192,828 shares, compared to its average volume of 517,056. The company has a 50 day simple moving average of $34.81 and a two-hundred day simple moving average of $46.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a one year low of $29.15 and a one year high of $60.62. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.46 and a beta of 1.57.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group dropped their price target on shares of 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. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. Citigroup decreased their price target on shares of 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 decreased 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 note on Monday. Finally, Barclays decreased their price target on shares of Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $49.67.

Insider Buying and Selling

In related news, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bret Richter bought 2,500 shares of Ziff Davis stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $39.21 per share, with a total value of $98,025.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders have acquired a total of 5,028 shares of company stock worth $198,024 in the last 90 days. 2.16% of the stock is owned by company insiders.

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.