Rice Hall James & Associates LLC raised its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD – Free Report) by 7.5% during the first quarter, Holdings Channel.com reports. The fund owned 799,818 shares of the technology company’s stock after buying an additional 55,586 shares during the period. Ziff Davis accounts for approximately 1.9% of Rice Hall James & Associates LLC’s portfolio, making the stock its 10th largest position. Rice Hall James & Associates LLC’s holdings in Ziff Davis were worth $33,560,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in ZD. Federated Hermes Inc. purchased a new stake in shares of Ziff Davis during the fourth quarter worth about $25,000. Hantz Financial Services Inc. lifted its holdings in Ziff Davis by 212.2% in the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after purchasing an additional 590 shares in the last quarter. NBC Securities Inc. boosted its stake in Ziff Davis by 121.2% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares during the period. GAMMA Investing LLC boosted its stake in Ziff Davis by 207.1% in the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after purchasing an additional 611 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after buying an additional 687 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.
Ziff Davis Stock Performance
NASDAQ ZD opened at $51.60 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66. Ziff Davis, Inc. has a 1-year low of $22.45 and a 1-year high of $54.97. The business has a 50 day simple moving average of $48.29 and a two-hundred day simple moving average of $42.45. The stock has a market capitalization of $1.90 billion, a PE ratio of 45.66 and a beta of 1.08.
Insider Buying and Selling
In other Ziff Davis news, CFO Bret Richter sold 18,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.88, for a total transaction of $843,840.00. Following the completion of the transaction, the chief financial officer owned 29,244 shares in the company, valued at $1,370,958.72. This trade represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeremy Rossen sold 8,000 shares of Ziff Davis stock in a transaction on Friday, June 5th. The stock was sold at an average price of $47.00, for a total transaction of $376,000.00. Following the completion of the transaction, the executive vice president directly owned 14,462 shares of the company’s stock, valued at $679,714. The trade was a 35.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 31,422 shares of company stock worth $1,468,864. Insiders own 3.40% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Evercore reaffirmed an “outperform” rating and set a $61.00 target price on shares of Ziff Davis in a research note on Tuesday, May 12th. Royal Bank Of Canada lifted their price target on shares of Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Finally, Zacks Research downgraded shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.25.
Check Out Our Latest Stock Report on Ziff Davis
About Ziff Davis
Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.
Founded in 1927 by William B.
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Want to see what other hedge funds are holding ZD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ziff Davis, Inc. (NASDAQ:ZD – Free Report).
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