Vanguard Group Inc. Buys 78,738 Shares of J2 Global Inc (JCOM)

Vanguard Group Inc. increased its stake in J2 Global Inc (NASDAQ:JCOM) by 1.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,341,776 shares of the technology company’s stock after acquiring an additional 78,738 shares during the quarter. Vanguard Group Inc. owned approximately 8.81% of J2 Global worth $359,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. OppenheimerFunds Inc. grew its holdings in shares of J2 Global by 2.7% during the second quarter. OppenheimerFunds Inc. now owns 417,643 shares of the technology company’s stock valued at $36,173,000 after buying an additional 11,122 shares in the last quarter. First Republic Investment Management Inc. grew its stake in J2 Global by 29.9% in the second quarter. First Republic Investment Management Inc. now owns 5,912 shares of the technology company’s stock valued at $512,000 after purchasing an additional 1,362 shares in the last quarter. Colony Group LLC grew its stake in J2 Global by 2.7% in the second quarter. Colony Group LLC now owns 23,890 shares of the technology company’s stock valued at $2,069,000 after purchasing an additional 630 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in J2 Global by 2.5% in the second quarter. MetLife Investment Advisors LLC now owns 52,164 shares of the technology company’s stock valued at $4,518,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of J2 Global by 3.0% in the second quarter. Glenmede Trust Co. NA now owns 717,468 shares of the technology company’s stock worth $62,140,000 after buying an additional 21,033 shares during the last quarter. Institutional investors and hedge funds own 99.90% of the company’s stock.

NASDAQ JCOM opened at $72.06 on Friday. J2 Global Inc has a twelve month low of $65.07 and a twelve month high of $91.58. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.97. The stock has a market cap of $3.52 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.44 and a beta of 0.95.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Monday, November 5th. The technology company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. The firm had revenue of $292.72 million during the quarter, compared to analysts’ expectations of $295.19 million. J2 Global had a return on equity of 26.70% and a net margin of 10.86%. As a group, analysts expect that J2 Global Inc will post 5.81 EPS for the current year.

A number of brokerages have weighed in on JCOM. BidaskClub cut J2 Global from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. William Blair reaffirmed an “outperform” rating on shares of J2 Global in a research report on Thursday, December 20th. ValuEngine raised J2 Global from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Zacks Investment Research reaffirmed a “hold” rating on shares of J2 Global in a research report on Tuesday, November 13th. Finally, Wedbush reaffirmed a “buy” rating and issued a $95.00 price target on shares of J2 Global in a research report on Tuesday, November 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $93.25.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $70.24, for a total value of $210,720.00. Following the completion of the transaction, the chief executive officer now owns 711,830 shares of the company’s stock, valued at approximately $49,998,939.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 9,000 shares of company stock valued at $644,070. Insiders own 5.97% of the company’s stock.

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J2 Global Company Profile

j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

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