Headlands Technologies LLC Cuts Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Headlands Technologies LLC reduced its position in Ziff Davis, Inc. (NASDAQ:ZD) by 43.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,678 shares of the technology company’s stock after selling 2,877 shares during the period. Headlands Technologies LLC’s holdings in Ziff Davis were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ZD. Weiss Asset Management LP purchased a new position in Ziff Davis in the 3rd quarter worth about $621,000. Main Management ETF Advisors LLC purchased a new position in shares of Ziff Davis during the third quarter valued at approximately $831,000. MML Investors Services LLC lifted its holdings in shares of Ziff Davis by 55.6% during the 3rd quarter. MML Investors Services LLC now owns 5,757 shares of the technology company’s stock valued at $280,000 after buying an additional 2,057 shares during the period. Geode Capital Management LLC boosted its position in Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after purchasing an additional 36,863 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after purchasing an additional 249 shares during the period. 99.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ZD shares. Citigroup lowered their price objective on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. UBS Group decreased their price target 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Insider Activity

In related news, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sarah Ann Fay acquired 1,282 shares of the company’s stock in a transaction on 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 acquisition, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. The trade was a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 5,028 shares of company stock worth $198,024 over the last ninety days. Corporate insiders own 2.08% of the company’s stock.

Ziff Davis Stock Performance

Shares of NASDAQ ZD opened at $33.48 on Friday. 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 1 year low of $32.86 and a 1 year high of $60.62. The firm has a fifty day moving average price of $45.43 and a 200-day moving average price of $50.07. The stock has a market cap of $1.44 billion, a PE ratio of 28.37 and a beta of 1.47.

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.