KLP Kapitalforvaltning AS Invests $533,000 in Ziff Davis, Inc. (NASDAQ:ZD)

KLP Kapitalforvaltning AS purchased a new position in shares of Ziff Davis, Inc. ( NASDAQ:ZD – Free Report ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,800 shares of the technology company’s stock, valued at approximately $533,000.

A number of other large investors have also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in shares of Ziff Davis in the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB acquired a new position in Ziff Davis in the third quarter valued at $37,000.



First Horizon Advisors Inc. increased its stake 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 period. TD Private Client Wealth LLC raised its holdings in shares of Ziff Davis by 19.

2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after buying an additional 249 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Ziff Davis by 17.

9% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock worth $175,000 after buying an additional 490 shares during the period. 99.

76% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several equities research analysts have recently commented on the company. JPMorgan Chase & Co.

cut their price target on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th.

UBS Group dropped their price objective 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, Citigroup reduced 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.

Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.

67. Insiders Place Their Bets In other Ziff Davis news, CFO Bret Richter acquired 2,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired 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 in the company, valued at approximately $640,652.

19. This trade represents a 18.06 % increase in their ownership of the stock.

The purchase was disclosed in a document filed with the SEC, which is available at the SEC website . Also, Director W Brian Kretzmer bought 653 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $38.

33 per share, with a total value of $25,029.49. Following the completion of the purchase, the director now directly owns 12,968 shares of the company’s stock, valued at approximately $497,063.

44. The trade was a 5.30 % increase in their position.

The disclosure for this purchase can be found here . Over the last 90 days, insiders purchased 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.

08% of the company’s stock. Ziff Davis Price Performance Shares of NASDAQ ZD opened at $35.38 on Friday.

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.

49. The company’s 50-day moving average price is $45.82 and its 200 day moving average price is $50.

19. Ziff Davis, Inc. has a 52 week low of $34.

56 and a 52 week high of $60.96. The stock has a market cap of $1.

52 billion, a price-to-earnings ratio of 29.98 and a beta of 1.42.

Ziff Davis Profile ( Free Report ) 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.

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