Schroder Investment Management Group Takes $3.12 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

Schroder Investment Management Group acquired a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 57,102 shares of the technology company’s stock, valued at approximately $3,115,000. Schroder Investment Management Group owned about 0.13% of Ziff Davis as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ziff Davis by 369.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock worth $23,626,000 after purchasing an additional 342,207 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Ziff Davis in the 4th quarter valued at about $364,000. Norges Bank acquired a new stake in shares of Ziff Davis in the fourth quarter valued at about $219,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Ziff Davis by 1.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 101,777 shares of the technology company’s stock worth $5,531,000 after acquiring an additional 1,811 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Ziff Davis in the fourth quarter worth approximately $1,273,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on ZD shares. Citigroup lowered their price target on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group decreased their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Ziff Davis presently has an average rating of “Moderate Buy” and an average price target of $65.67.

Ziff Davis Trading Down 5.4 %

ZD opened at $33.48 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 28.37 and a beta of 1.47. The company has a fifty day moving average price of $45.43 and a two-hundred day moving average price of $50.07. 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 1-year low of $32.86 and a 1-year high of $60.62.

Insider Buying and Selling

In other Ziff Davis news, Director W Brian Kretzmer acquired 653 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.33 per share, with a total value of $25,029.49. Following the completion of the purchase, the director now owns 12,968 shares of the company’s stock, valued at approximately $497,063.44. This represents a 5.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sarah Ann Fay bought 1,282 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired 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 $727,545. This represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 5,028 shares of company stock valued at $198,024. 2.08% 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.