Great Lakes Advisors LLC Trims Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Great Lakes Advisors LLC lessened its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,312 shares of the technology company’s stock after selling 4,585 shares during the period. Great Lakes Advisors LLC owned about 0.10% of Ziff Davis worth $2,299,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Ziff Davis during the 3rd quarter valued at about $37,000. First Horizon Advisors Inc. boosted its position in Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after acquiring an additional 260 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after acquiring an additional 249 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Ziff Davis by 17.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock valued at $175,000 after acquiring an additional 490 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in Ziff Davis during the 3rd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

ZD has been the topic of several research reports. Citigroup cut their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group cut their price objective on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.67.

Ziff Davis Stock Performance

Shares of ZD opened at $40.25 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $49.54 and its 200-day moving average price is $50.95. Ziff Davis, Inc. has a 52 week low of $37.62 and a 52 week high of $64.04. The stock has a market cap of $1.72 billion, a P/E ratio of 34.11 and a beta of 1.42.

Insider Transactions at Ziff Davis

In other Ziff Davis news, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, with a total value of $25,029.49. Following the transaction, the director now owns 12,968 shares of the company’s stock, valued at $497,063.44. The trade was a 5.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bret Richter acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the transaction, the chief financial officer now directly owns 16,339 shares in the company, valued at $640,652.19. This represents a 18.06 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,028 shares of company stock valued at $198,024 in the last ninety days. 2.08% of the stock is currently owned by corporate insiders.

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.