Cibc World Markets Corp Buys Shares of 4,129 Ziff Davis, Inc. (NASDAQ:ZD)

Cibc World Markets Corp purchased a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the fourth quarter, HoldingsChannel reports. The firm purchased 4,129 shares of the technology company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ZD. Pacer Advisors Inc. increased its holdings in Ziff Davis by 100,954.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after purchasing an additional 1,265,967 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Ziff Davis by 170.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company’s stock worth $14,115,000 after buying an additional 163,708 shares during the period. Ruffer LLP acquired a new stake in shares of Ziff Davis in the fourth quarter valued at $7,946,000. Raymond James Financial Inc. purchased a new stake in shares of Ziff Davis in the 4th quarter valued at $5,780,000. Finally, Public Sector Pension Investment Board acquired a new position in Ziff Davis during the 3rd quarter worth about $4,618,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZD has been the subject of several research reports. UBS Group dropped 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. cut their target price on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup decreased their price target on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Ziff Davis presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

Insider Transactions at Ziff Davis

In related news, Director Sarah Ann Fay acquired 1,282 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the purchase, the director now directly owns 18,655 shares of the company’s stock, valued at approximately $727,545. The trade was a 7.38 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director W Brian Kretzmer bought 653 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the transaction, the director now directly owns 12,968 shares of the company’s stock, valued at approximately $497,063.44. This represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.33% of the company’s stock.

Ziff Davis Stock Down 0.4 %

Ziff Davis stock opened at $41.73 on Thursday. The stock’s fifty day moving average is $47.80 and its two-hundred day moving average is $50.62. The stock has a market cap of $1.79 billion, a PE ratio of 35.36 and a beta of 1.42. Ziff Davis, Inc. has a 1-year low of $37.62 and a 1-year high of $63.87. 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 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.