November 10, 2019 at 2:21 pm

Oppenheimer & Co. Inc. Grows Position in J2 Global Inc (NASDAQ:JCOM)

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Oppenheimer & Co. Inc. raised its holdings in J2 Global Inc (NASDAQ:JCOM) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,800 shares of the technology company’s stock after acquiring an additional 800 shares during the period. Oppenheimer & Co. Inc.’s holdings in J2 Global were worth $527,000 at the end of the most recent reporting period.

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Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of J2 Global by 5.6% during the 2nd quarter. AQR Capital Management LLC now owns 920,423 shares of the technology company’s stock valued at $80,647,000 after buying an additional 48,701 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of J2 Global by 7.2% during the 2nd quarter. Janus Henderson Group PLC now owns 755,820 shares of the technology company’s stock valued at $67,185,000 after buying an additional 50,470 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of J2 Global by 13.0% during the 2nd quarter. Prudential Financial Inc. now owns 582,664 shares of the technology company’s stock valued at $51,793,000 after buying an additional 66,999 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of J2 Global by 8,400.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 458,928 shares of the technology company’s stock valued at $40,794,000 after buying an additional 453,529 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. raised its holdings in shares of J2 Global by 4.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 456,702 shares of the technology company’s stock valued at $40,596,000 after buying an additional 17,374 shares in the last quarter.

JCOM has been the topic of a number of research reports. Sidoti set a $118.00 price objective on J2 Global and gave the company a “buy” rating in a report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $105.00 price objective (up from $100.00) on shares of J2 Global in a report on Thursday, October 3rd. Zacks Investment Research cut J2 Global from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a report on Wednesday. ValuEngine raised J2 Global from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Wedbush reissued an “outperform” rating on shares of J2 Global in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. J2 Global currently has an average rating of “Buy” and an average price target of $106.00.

JCOM opened at $100.43 on Friday. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 16.96 and a beta of 0.79. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $93.37 and its 200 day simple moving average is $88.32. J2 Global Inc has a 1 year low of $65.07 and a 1 year high of $100.53.

J2 Global (NASDAQ:JCOM) last released its earnings results on Thursday, October 31st. The technology company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.12. The company had revenue of $344.14 million during the quarter, compared to analysts’ expectations of $332.47 million. J2 Global had a return on equity of 29.54% and a net margin of 11.15%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. As a group, sell-side analysts anticipate that J2 Global Inc will post 6.65 EPS for the current year.

In other news, Director Jon Miller sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $98.57, for a total value of $1,971,400.00. Following the completion of the transaction, the director now owns 161,832 shares in the company, valued at approximately $15,951,780.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Douglas Y. Bech sold 18,398 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $97.80, for a total value of $1,799,324.40. Following the completion of the transaction, the director now owns 139,347 shares of the company’s stock, valued at approximately $13,628,136.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,815 shares of company stock valued at $4,145,898. 5.90% of the stock is currently owned by company insiders.

About J2 Global

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company 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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