Swiss National Bank Has $4.78 Million Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Swiss National Bank lowered its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 88,031 shares of the technology company’s stock after selling 2,000 shares during the period. Swiss National Bank owned approximately 0.21% of Ziff Davis worth $4,784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ziff Davis in the third quarter valued at about $37,000. First Horizon Advisors Inc. grew its position in Ziff Davis by 42.9% in the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after purchasing an additional 260 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after buying an additional 249 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of 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 worth $175,000 after buying an additional 490 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in shares of Ziff Davis in the 3rd quarter worth approximately $210,000. 99.76% of the stock is owned by institutional investors.

Insider Transactions at Ziff Davis

In other news, Director W Brian Kretzmer purchased 653 shares of the stock in a transaction dated 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 owns 12,968 shares in the company, valued at $497,063.44. This represents a 5.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Bret Richter acquired 2,500 shares of Ziff Davis stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased 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 position. The disclosure for this purchase can be found here. Insiders acquired 5,028 shares of company stock worth $198,024 over the last quarter. Corporate insiders own 2.08% of the company’s stock.

Ziff Davis Trading Up 1.6 %

Shares of ZD opened at $42.49 on Tuesday. The firm has a market cap of $1.82 billion, a P/E ratio of 36.01 and a beta of 1.42. Ziff Davis, Inc. has a fifty-two week low of $37.62 and a fifty-two week high of $63.87. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50-day moving average of $48.24 and a 200 day moving average of $50.72.

Analyst Ratings Changes

A number of analysts recently commented on the company. 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 research report on Wednesday, February 26th. Citigroup lowered their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.