Dimensional Fund Advisors LP Buys 46,329 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Posted by Defense World Staff on May 24th, 2023

Dimensional Fund Advisors LP lifted its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD – Get Rating) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,068,164 shares of the technology company’s stock after acquiring an additional 46,329 shares during the period. Dimensional Fund Advisors LP owned approximately 2.26% of Ziff Davis worth $84,491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zions Bancorporation N.A. bought a new position in Ziff Davis during the 1st quarter valued at about $25,000. Belpointe Asset Management LLC acquired a new stake in shares of Ziff Davis during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Ziff Davis during the 4th quarter worth approximately $42,000. Quadrant Capital Group LLC grew its position in shares of Ziff Davis by 622.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 722 shares of the technology company’s stock worth $49,000 after buying an additional 622 shares during the period. Finally, Ronald Blue Trust Inc. grew its position in shares of Ziff Davis by 129.3% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,087 shares of the technology company’s stock worth $75,000 after buying an additional 613 shares during the period. 99.11% of the stock is owned by institutional investors.

Insider Activity

In other Ziff Davis news, Director Sarah Ann Fay bought 777 shares of Ziff Davis stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $63.81 per share, for a total transaction of $49,580.37. Following the completion of the acquisition, the director now owns 14,360 shares of the company’s stock, valued at approximately $916,311.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TheStreet cut shares of Ziff Davis from a “b-” rating to a “c” rating in a research report on Tuesday, May 9th. Barclays lowered their target price on shares of Ziff Davis from $85.00 to $75.00 in a research note on Thursday, May 11th. Citigroup lowered their target price on shares of Ziff Davis from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, February 17th. Finally, Wedbush lowered their target price on shares of Ziff Davis from $93.00 to $80.00 in a research note on Thursday, May 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Ziff Davis presently has a consensus rating of “Moderate Buy” and an average price target of $96.50.

Ziff Davis Stock Down 2.0 %

Ziff Davis stock opened at $63.33 on Wednesday. The stock has a market capitalization of $2.99 billion, a PE ratio of 109.19 and a beta of 1.16. Ziff Davis, Inc. has a twelve month low of $62.14 and a twelve month high of $94.58. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $72.10 and a 200-day moving average of $79.91.

About Ziff Davis

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Ziff Davis, Inc is a digital media and internet company. It operates through the following segments: Digital Media and Cybersecurity and Martech. The Digital Media segment consists of a portfolio of web properties and apps which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle,Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter and What to Expect, among others.