Main Management ETF Advisors LLC Sells 1,408 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Main Management ETF Advisors LLC lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 8.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,664 shares of the technology company’s stock after selling 1,408 shares during the quarter. Main Management ETF Advisors LLC’s holdings in Ziff Davis were worth $851,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. bought a new stake in Ziff Davis during the 3rd quarter valued at $986,000. Principal Financial Group Inc. increased its stake in shares of Ziff Davis by 36.4% during the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock valued at $10,267,000 after buying an additional 56,352 shares during the period. Brave Asset Management Inc. raised 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 acquiring an additional 13,659 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in 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 period. Finally, Pacer Advisors Inc. lifted its stake in shares of Ziff Davis by 100,954.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after purchasing an additional 1,265,967 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Activity at Ziff Davis

In related news, Director Sarah Ann Fay purchased 1,282 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $39.00 per share, with a total value of $49,998.00. Following the completion of the acquisition, the director now owns 18,655 shares of the company’s stock, valued at $727,545. The trade was a 7.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bret Richter acquired 2,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the transaction, the chief financial officer now owns 16,339 shares in the company, valued at approximately $640,652.19. This represents a 18.06% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 5,028 shares of company stock worth $198,024 over the last quarter. Insiders own 2.16% of the company’s stock.

Ziff Davis Stock Down 2.0%

ZD stock opened at $33.99 on Wednesday. The stock has a market capitalization of $1.46 billion, a PE ratio of 28.81 and a beta of 1.57. Ziff Davis, Inc. has a 52 week low of $29.15 and a 52 week high of $60.62. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $35.09 and a 200 day moving average of $46.95.

Analyst Ratings Changes

ZD has been the topic of several analyst reports. Susquehanna cut their target price on Ziff Davis from $80.00 to $45.00 and set a “positive” rating on the stock in a research note on Monday. Barclays cut their price objective on shares of Ziff Davis from $48.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday. 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 note on Wednesday, February 26th. Citigroup lowered their target price on shares of Ziff Davis from $52.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. downgraded Ziff Davis from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Ziff Davis currently has an average rating of “Hold” and a consensus target price of $49.67.

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.