FMR LLC Trims Ziff Davis Stake to 3.153%
Ticker: ZD · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1084048
| Field | Detail |
|---|---|
| Company | Ziff Davis, Inc. (ZD) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | medium |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, stake-reduction, SC-13G/A
TL;DR
**FMR LLC just cut its Ziff Davis stake to 3.153%, signaling a potential bearish shift.**
AI Summary
FMR LLC, a major investment firm, has updated its ownership in Ziff Davis, Inc. (NASDAQ: ZD) through an SC 13G/A filing on February 9, 2024. The filing shows FMR LLC beneficially owns 1,450,269 shares of Ziff Davis common stock, representing 3.153% of the company's outstanding shares. This is a slight decrease from previous holdings, indicating FMR LLC is reducing its stake, which could signal a shift in their investment strategy or outlook on Ziff Davis's future performance.
Why It Matters
This matters to investors because a large institutional investor like FMR LLC reducing its stake could suggest a less bullish outlook on Ziff Davis, potentially influencing other investors' decisions and the stock price.
Risk Assessment
Risk Level: medium — A significant institutional investor reducing its stake can create downward pressure on the stock price and signal potential concerns about the company's future.
Analyst Insight
A smart investor would monitor Ziff Davis's stock performance closely and investigate any news or company developments that might explain FMR LLC's reduced stake before making any investment decisions.
Key Numbers
- 1,450,269 — Shares Beneficially Owned (This is the total number of Ziff Davis common shares FMR LLC and Abigail P. Johnson beneficially own.)
- 3.153% — Percent of Class (This represents the percentage of Ziff Davis's common stock that FMR LLC and Abigail P. Johnson collectively own.)
Key Players & Entities
- FMR LLC (company) — the reporting person and institutional investor
- Ziff Davis, Inc. (company) — the subject company whose shares are being reported
- Abigail P. Johnson (person) — a reporting person associated with FMR LLC
- 1,450,269 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 3.153% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
- February 9, 2024 (date) — date of the SC 13G/A filing
Forward-Looking Statements
- Ziff Davis's stock price may experience short-term downward pressure. (Ziff Davis, Inc.) — medium confidence, target: 3 months
- Other institutional investors might re-evaluate their positions in Ziff Davis. (Institutional Investors) — medium confidence, target: 6 months
FAQ
Who is the primary entity reporting this ownership change in Ziff Davis, Inc.?
The primary entity reporting this ownership change is FMR LLC, as stated in Item 1 of the filing.
What is the total number of Ziff Davis, Inc. common shares beneficially owned by FMR LLC?
FMR LLC beneficially owns 1,450,269 shares of Ziff Davis, Inc. common stock, as reported in Item 4(a) of the filing.
What percentage of Ziff Davis, Inc.'s common stock does FMR LLC now own?
FMR LLC now owns 3.153% of Ziff Davis, Inc.'s common stock, as reported in Item 4(b) of the filing.
Is Abigail P. Johnson also listed as a reporting person, and if so, what is her beneficial ownership?
Yes, Abigail P. Johnson is also listed as a reporting person and beneficially owns 1,450,269 shares, representing 3.153% of the class, as detailed in her individual reporting section.
What rule is this Schedule 13G/A filed under?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding ZIFF DAVIS, INC. (ZD).