US Bancorp DE Trims Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

US Bancorp DE trimmed its position in Ziff Davis, Inc. (NASDAQ:ZD) by 40.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,761 shares of the technology company’s stock after selling 1,894 shares during the period. US Bancorp DE’s holdings in Ziff Davis were worth $150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Ziff Davis by 100,954.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after acquiring an additional 1,265,967 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Ziff Davis by 170.4% during the 4th 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. Empowered Funds LLC acquired a new position in shares of Ziff Davis during the 3rd quarter valued at about $7,210,000. Public Sector Pension Investment Board acquired a new position in shares of Ziff Davis during the 3rd quarter valued at about $4,618,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Ziff Davis during the 3rd quarter valued at about $3,115,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $40.25 on Friday. Ziff Davis, Inc. has a 1-year low of $37.62 and a 1-year high of $64.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The business’s fifty day moving average price is $49.54 and its two-hundred day moving average price is $50.95. The firm has a market capitalization of $1.72 billion, a PE ratio of 34.11 and a beta of 1.42.

Insider Activity

In other news, Director W Brian Kretzmer bought 653 shares of the stock in a transaction that occurred 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 acquisition, the director now directly owns 12,968 shares in the company, valued at approximately $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Ann Fay bought 1,282 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased 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 owns 18,655 shares of the company’s stock, valued at $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 5,028 shares of company stock valued at $198,024. Company insiders own 2.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Company 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.