Aequim Alternative Investments LP Trims Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Aequim Alternative Investments LP lowered its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 61.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,033 shares of the technology company’s stock after selling 11,281 shares during the quarter. Aequim Alternative Investments LP’s holdings in Ziff Davis were worth $382,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new position in Ziff Davis during the fourth quarter valued at $35,000. Quadrant Capital Group LLC raised its position in shares of Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock worth $36,000 after purchasing an additional 488 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Ziff Davis in the 3rd quarter worth about $37,000. Summit Securities Group LLC purchased a new stake in Ziff Davis during the 4th quarter valued at about $37,000. Finally, First Horizon Advisors Inc. increased its stake 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 purchasing an additional 260 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Insider Buying and Selling at Ziff Davis

In related news, CFO Bret Richter bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $39.21 per share, with a total value of $98,025.00. Following the acquisition, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. This trade 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 accessible through the SEC website. Also, Director W Brian Kretzmer purchased 653 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.33 per share, with a total value of $25,029.49. Following the acquisition, the director now directly owns 12,968 shares of the company’s stock, valued at $497,063.44. This trade represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 5,028 shares of company stock valued at $198,024. 2.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ZD. UBS Group cut their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered Ziff Davis from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. Finally, Citigroup decreased their price target on Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ziff Davis presently has a consensus rating of “Hold” and an average target price of $58.33.

Ziff Davis Stock Performance

ZD stock opened at $31.46 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 1 year low of $29.15 and a 1 year high of $60.62. The company has a market cap of $1.35 billion, a P/E ratio of 26.66 and a beta of 1.47. The stock’s fifty day moving average price is $36.19 and its 200-day moving average price is $47.63.

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.