Wellington Management Group LLP Purchases 113,157 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Wellington Management Group LLP boosted its position in Ziff Davis, Inc. (NASDAQ:ZD) by 34.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 443,707 shares of the technology company’s stock after acquiring an additional 113,157 shares during the period. Wellington Management Group LLP’s holdings in Ziff Davis were worth $24,111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new stake in shares of Ziff Davis during the third quarter worth about $986,000. Virtu Financial LLC bought a new stake in Ziff Davis during the 3rd quarter worth approximately $503,000. Principal Financial Group Inc. raised its stake in shares of Ziff Davis by 36.4% in the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after purchasing an additional 56,352 shares during the last quarter. Brave Asset Management Inc. lifted its holdings in shares of Ziff Davis by 3.9% in the fourth quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company’s stock valued at $19,754,000 after purchasing an additional 13,659 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Ziff Davis by 19.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company’s stock valued at $19,052,000 after buying an additional 57,830 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZD. Citigroup lowered their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group reduced their price objective on shares of Ziff Davis from $65.00 to $56.00 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 stock. According to data from MarketBeat.com, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Insider Activity

In other Ziff Davis news, Director Sarah Ann Fay purchased 1,282 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, with a total value of $49,998.00. Following the completion of the transaction, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. This trade represents a 7.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bret Richter acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $39.21 per share, with a total value of $98,025.00. Following the completion of the acquisition, the chief financial officer now owns 16,339 shares in the company, valued at $640,652.19. This trade represents a 18.06 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 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 Price Performance

ZD opened at $32.46 on Tuesday. The firm has a market cap of $1.39 billion, a P/E ratio of 27.51 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a fifty-two week low of $30.77 and a fifty-two week high of $60.62. The firm has a 50-day moving average of $44.99 and a 200 day moving average of $49.90.

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.