Clark Estates Inc. NY Has $3.23 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

Clark Estates Inc. NY lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,491 shares of the technology company’s stock after selling 7,209 shares during the period. Clark Estates Inc. NY owned approximately 0.14% of Ziff Davis worth $3,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its position in shares of Ziff Davis by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock worth $156,422,000 after purchasing an additional 62,261 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ziff Davis by 3.0% during the third 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 in the last quarter. Pacer Advisors Inc. raised its stake in shares of 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 acquiring an additional 1,265,967 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Ziff Davis by 9.0% in the 4th 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 Ziff Davis by 3.9% during the 4th quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company’s stock worth $19,754,000 after buying an additional 13,659 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of NASDAQ:ZD opened at $39.08 on Wednesday. The firm’s 50 day simple moving average is $52.38 and its 200 day simple moving average is $51.37. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $68.91. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 33.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

Insiders Place Their Bets

In related news, Director Sarah Ann Fay bought 1,282 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the acquisition, the director now owns 18,655 shares of the company’s stock, valued at approximately $727,545. This represents a 7.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.08% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ZD. Barclays increased their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Citigroup dropped their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. UBS Group reduced 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 note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

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.