Ziff Davis, Inc. (NASDAQ:ZD – Get Free Report) CFO Bret Richter purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost 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 represents a 18.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ziff Davis Stock Up 4.3 %
Shares of NASDAQ ZD opened at $40.85 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 34.62 and a beta of 1.42. Ziff Davis, Inc. has a 12 month low of $37.62 and a 12 month high of $68.53. The stock has a 50-day moving average price of $51.03 and a two-hundred day moving average price of $51.18.
Institutional Trading of Ziff Davis
Several hedge funds and other institutional investors have recently made changes to their positions in ZD. Pacer Advisors Inc. grew 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 purchasing an additional 1,265,967 shares during the last quarter. Arrowstreet Capital Limited Partnership grew 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 last quarter. Janus Henderson Group PLC grew its holdings in shares of Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after purchasing an additional 272,895 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of 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 worth $131,826,000 after purchasing an additional 267,436 shares during the last quarter. Finally, CDAM UK Ltd boosted its holdings in 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 acquiring an additional 213,071 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
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About Ziff Davis
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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