Jane Street Group LLC Has $2.17 Million Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Jane Street Group LLC cut its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 72.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,899 shares of the technology company’s stock after selling 104,089 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of Ziff Davis worth $2,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in Ziff Davis in the fourth quarter worth about $35,000. Quadrant Capital Group LLC increased its position in Ziff Davis by 278.9% in the fourth 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 period. Summit Securities Group LLC acquired a new stake in Ziff Davis in the fourth quarter worth about $37,000. First Horizon Advisors Inc. increased its position in Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after purchasing an additional 260 shares during the period. Finally, Sterling Capital Management LLC grew its position in shares of Ziff Davis by 786.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company’s stock worth $76,000 after buying an additional 1,234 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ziff Davis

In other news, CFO Bret Richter bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the purchase, the chief financial officer now owns 16,339 shares of the company’s stock, valued at approximately $640,652.19. The trade was a 18.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay bought 1,282 shares of the business’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 directly owns 18,655 shares in the company, valued at approximately $727,545. This represents a 7.38% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 5,028 shares of company stock worth $198,024. 2.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ZD has been the subject of several analyst reports. Citigroup decreased their target price on Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Susquehanna decreased their target price on Ziff Davis from $80.00 to $45.00 and set a “positive” rating for the company in a research report on Monday, May 12th. UBS Group decreased their target price 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. JPMorgan Chase & Co. lowered Ziff Davis from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Finally, Barclays decreased their target price on Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.67.

Ziff Davis Price Performance

Shares of ZD opened at $32.59 on Friday. 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 stock has a 50 day simple moving average of $34.66 and a 200 day simple moving average of $46.66. Ziff Davis, Inc. has a 52-week low of $29.15 and a 52-week high of $60.62. The firm has a market capitalization of $1.37 billion, a PE ratio of 27.62 and a beta of 1.57.

About Ziff Davis

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.