Comerica Bank Sells 2,493 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Comerica Bank lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,029 shares of the technology company’s stock after selling 2,493 shares during the quarter. Comerica Bank’s holdings in Ziff Davis were worth $1,306,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ZD. Millstone Evans Group LLC bought a new position in Ziff Davis in the 4th quarter valued at approximately $35,000. Quadrant Capital Group LLC raised its holdings in Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company’s stock valued at $36,000 after buying an additional 488 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Ziff Davis during the 3rd quarter worth approximately $37,000. Summit Securities Group LLC bought a new position in Ziff Davis during the 4th quarter worth approximately $37,000. Finally, First Horizon Advisors Inc. raised its holdings in Ziff Davis by 42.9% during the 4th 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 last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD stock opened at $30.91 on Monday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 26.20 and a beta of 1.57. Ziff Davis, Inc. has a 52 week low of $29.15 and a 52 week high of $60.62. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $35.26 and a 200-day moving average of $47.13.

Insider Transactions at Ziff Davis

In related news, Director W Brian Kretzmer acquired 653 shares of Ziff Davis stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $38.33 per share, with a total value of $25,029.49. Following the transaction, the director now directly owns 12,968 shares in the company, valued at $497,063.44. This represents a 5.30% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sarah Ann Fay acquired 1,282 shares of Ziff Davis stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $39.00 per share, with a total value of $49,998.00. Following the transaction, the director now owns 18,655 shares in the company, valued at approximately $727,545. This trade represents a 7.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 5,028 shares of company stock valued at $198,024 in the last quarter. 2.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group lowered their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered shares of Ziff Davis from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. Finally, Citigroup lowered their price target on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ziff Davis has a consensus rating of “Hold” and a consensus target price of $56.00.

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.