Millstone Evans Group LLC Invests $35,000 in Ziff Davis, Inc. (NASDAQ:ZD)

Millstone Evans Group LLC bought a new stake in Ziff Davis, Inc. (NASDAQ:ZD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 635 shares of the technology company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ziff Davis in the third quarter worth $37,000. First Horizon Advisors Inc. boosted its holdings in Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after purchasing an additional 260 shares during the last quarter. TD Private Client Wealth LLC grew its position in 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 worth $75,000 after purchasing an additional 249 shares during the period. Central Pacific Bank Trust Division raised its stake in shares of Ziff Davis by 17.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock valued at $175,000 after buying an additional 490 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Ziff Davis in the 3rd quarter valued at about $210,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Trading Up 1.6 %

Shares of NASDAQ:ZD opened at $42.49 on Tuesday. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 36.01 and a beta of 1.42. The business’s 50 day moving average price is $48.24 and its 200-day moving average price is $50.72. 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 $37.62 and a 1 year high of $63.87.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Ziff Davis

In other news, Director Sarah Ann Fay bought 1,282 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now directly owns 18,655 shares in the company, valued at $727,545. The trade was a 7.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bret Richter purchased 2,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,028 shares of company stock valued at $198,024 over the last ninety days. Corporate insiders own 2.08% of the company’s stock.

Ziff Davis Company 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.