Ruffer LLP Acquires New Shares in Ziff Davis, Inc. (NASDAQ:ZD)

Ruffer LLP bought a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 146,224 shares of the technology company’s stock, valued at approximately $7,946,000. Ruffer LLP owned 0.34% of Ziff Davis at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZD. Janus Henderson Group PLC increased its position in Ziff Davis by 2.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock valued at $156,422,000 after buying an additional 62,261 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ziff Davis by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock worth $62,040,000 after buying an additional 36,863 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Ziff Davis by 100,954.3% in the fourth 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. Charles Schwab Investment Management Inc. lifted its stake in Ziff Davis by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company’s stock valued at $41,187,000 after purchasing an additional 62,402 shares during the last quarter. Finally, Brave Asset Management Inc. lifted its position in shares of Ziff Davis by 3.9% during the fourth quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company’s stock worth $19,754,000 after acquiring an additional 13,659 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

Ziff Davis stock opened at $40.85 on Friday. The company’s 50-day moving average price is $51.03 and its 200-day moving average price is $51.18. Ziff Davis, Inc. has a twelve month low of $37.62 and a twelve month high of $68.53. 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 company has a market cap of $1.75 billion, a PE ratio of 34.62 and a beta of 1.42.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ZD shares. Barclays upped their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Citigroup dropped their target price on shares of 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 shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, UBS Group lowered their price objective 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Insider Buying and Selling at Ziff Davis

In other news, CFO Bret Richter bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $39.21 per share, with a total value of $98,025.00. Following the completion of the transaction, the chief financial officer now directly 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 link. Also, Director Sarah Ann Fay purchased 1,282 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought 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 $727,545. This represents a 7.38 % increase in their position. 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 three months. Company insiders own 2.08% of the company’s stock.

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.