BlackRock Amends Ziff Davis Stake, Signals Institutional Confidence
Ticker: ZD · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1084048
| Field | Detail |
|---|---|
| Company | Ziff Davis, Inc. (ZD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Ziff Davis stake, showing its ongoing institutional interest.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating its ownership of Ziff Davis Inc. common stock as of December 31, 2023. This filing is an amendment (No. 15), meaning BlackRock has previously reported its stake. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Ziff Davis's future performance.
Why It Matters
This filing shows BlackRock's continued, albeit potentially adjusted, significant ownership in Ziff Davis, which can influence market perception and investor sentiment.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently present a significant risk to investors.
Analyst Insight
An investor should note BlackRock's continued institutional interest in Ziff Davis, but this filing alone doesn't provide enough detail (like percentage of ownership or changes in share count) to make a definitive investment decision. Further analysis of the full 13G/A form would be needed to understand the exact change in BlackRock's position.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Ziff Davis Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 15)'.
Who is the 'subject company' in this filing?
The subject company is Ziff Davis Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ZIFF DAVIS, INC.'.
Who is the 'filer' of this document?
The filer of this document is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the CUSIP number for the securities mentioned?
The CUSIP number for the Common Stock of Ziff Davis Inc. is 48123V102, as listed under '(CUSIP Number)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding ZIFF DAVIS, INC. (ZD).