Wellington Management Group LLP Purchases 113,157 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Wellington Management Group LLP raised its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 443,707 shares of the technology company’s stock after purchasing an additional 113,157 shares during the quarter. Wellington Management Group LLP owned 1.04% of Ziff Davis worth $24,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ZD. Millstone Evans Group LLC acquired a new position in Ziff Davis during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ziff Davis during the third quarter worth $37,000. Summit Securities Group LLC acquired a new position in shares of Ziff Davis during the fourth quarter worth $37,000. First Horizon Advisors Inc. increased its holdings in shares of 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 in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of 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 acquiring an additional 249 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ZD shares. Citigroup lowered their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group cut their target price on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.67.

Insider Activity

In other Ziff Davis news, CFO Bret Richter acquired 2,500 shares of the company’s stock in a transaction dated 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 purchase, the chief financial officer now directly owns 16,339 shares of the company’s stock, valued at $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Brian Kretzmer bought 653 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, with a total value of $25,029.49. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 5,028 shares of company stock valued at $198,024. 2.08% of the stock is currently owned by insiders.

Ziff Davis Stock Performance

Shares of ZD stock opened at $32.46 on Tuesday. The stock has a market capitalization of $1.39 billion, a PE ratio of 27.51 and a beta of 1.47. The business’s 50 day simple moving average is $44.99 and its 200 day simple moving average is $49.90. 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 one year low of $30.77 and a one year high of $60.62.

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.