SG Americas Securities LLC raised its holdings in J2 Global Inc (NASDAQ:JCOM) by 9.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 14,356 shares of the technology company’s stock after acquiring an additional 1,207 shares during the period. SG Americas Securities LLC’s holdings in J2 Global were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in J2 Global in the 1st quarter valued at approximately $30,000. Rockefeller Capital Management L.P. grew its holdings in J2 Global by 81.3% in the 1st quarter. Rockefeller Capital Management L.P. now owns 437 shares of the technology company’s stock valued at $33,000 after buying an additional 196 shares during the last quarter. GQ Asset Management LLC acquired a new stake in J2 Global in the 1st quarter valued at approximately $35,000. Simon Quick Advisors LLC grew its holdings in J2 Global by 341.1% in the 1st quarter. Simon Quick Advisors LLC now owns 547 shares of the technology company’s stock valued at $41,000 after buying an additional 423 shares during the last quarter. Finally, Accurate Investment Solutions Inc. grew its holdings in J2 Global by 324.0% in the 1st quarter. Accurate Investment Solutions Inc. now owns 776 shares of the technology company’s stock valued at $58,000 after buying an additional 593 shares during the last quarter.
J2 Global stock opened at $56.72 on Friday. The business has a 50 day simple moving average of $63.69 and a 200 day simple moving average of $78.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.12 and a quick ratio of 2.12. J2 Global Inc has a one year low of $53.24 and a one year high of $104.57. The company has a market capitalization of $2.68 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.11 and a beta of 0.72.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Monday, May 11th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.05. J2 Global had a return on equity of 27.28% and a net margin of 12.81%. The firm had revenue of $332.40 million during the quarter, compared to the consensus estimate of $331.36 million. During the same quarter in the previous year, the company posted $1.40 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts anticipate that J2 Global Inc will post 6.35 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on JCOM. Sidoti decreased their price objective on J2 Global from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Citigroup decreased their price objective on J2 Global from $110.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Wedbush decreased their price objective on J2 Global from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. JPMorgan Chase & Co. decreased their price objective on J2 Global from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, ValuEngine lowered J2 Global from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $100.92.
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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