Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 56.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,618 shares of the technology company’s stock after selling 216,049 shares during the quarter. Invesco Ltd. owned approximately 0.39% of Ziff Davis worth $9,000,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Millstone Evans Group LLC bought a new position in shares of Ziff Davis in the 4th quarter worth about $35,000. Quadrant Capital Group LLC lifted its position in shares of Ziff Davis by 278.9% during the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock valued at $36,000 after acquiring an additional 488 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ziff Davis in the third quarter valued at $37,000. Summit Securities Group LLC purchased a new stake in shares of Ziff Davis during the fourth quarter worth $37,000. Finally, First Horizon Advisors Inc. increased its position in Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after buying an additional 260 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Insider Activity at Ziff Davis

In other news, Director Sarah Ann Fay acquired 1,282 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now owns 18,655 shares in the company, valued at approximately $727,545. This represents a 7.38 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Bret Richter bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $39.21 per share, with a total value of $98,025.00. Following the completion of the transaction, the chief financial officer now owns 16,339 shares in the company, valued at approximately $640,652.19. The trade was a 18.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 5,028 shares of company stock valued at $198,024 in the last three months. Corporate insiders own 2.16% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD opened at $30.45 on Thursday. The firm’s fifty day simple moving average is $38.90 and its two-hundred day simple moving average is $48.30. Ziff Davis, Inc. has a 12 month low of $29.34 and a 12 month high of $60.62. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.31 billion, a P/E ratio of 25.81 and a beta of 1.47.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Ziff Davis from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $60.00 to $33.00 in a research note on Tuesday. Citigroup cut their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group lowered their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Ziff Davis currently has an average rating of “Hold” and an average price target of $61.17.

Ziff Davis 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.