Boston Private Wealth LLC Trims Holdings in J2 Global Inc (NASDAQ:JCOM)

Boston Private Wealth LLC decreased its stake in shares of J2 Global Inc (NASDAQ:JCOM) by 4.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,780 shares of the technology company’s stock after selling 441 shares during the quarter. Boston Private Wealth LLC’s holdings in J2 Global were worth $797,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH lifted its position in J2 Global by 55.1% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 261,904 shares of the technology company’s stock worth $23,281,000 after buying an additional 93,000 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in J2 Global by 1,005.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 82,900 shares of the technology company’s stock worth $7,369,000 after acquiring an additional 75,400 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in J2 Global during the second quarter worth $809,000. APG Asset Management N.V. acquired a new stake in J2 Global during the second quarter worth $695,000. Finally, Rothschild & Co. Asset Management US Inc. increased its stake in J2 Global by 4.0% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 456,702 shares of the technology company’s stock worth $40,596,000 after acquiring an additional 17,374 shares during the last quarter.

In other news, Director Jon Miller sold 20,000 shares of J2 Global stock in a transaction 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 sale, the director now directly owns 161,832 shares of the company’s stock, valued at $15,951,780.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Brian Kretzmer sold 1,800 shares of J2 Global stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $87.03, for a total value of $156,654.00. Following the completion of the sale, the director now directly owns 7,256 shares of the company’s stock, valued at $631,489.68. The disclosure for this sale can be found here. Insiders sold 42,815 shares of company stock valued at $4,145,898 over the last ninety days. Insiders own 5.90% of the company’s stock.

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JCOM stock opened at $100.43 on Friday. The business has a fifty day moving average of $93.37 and a two-hundred day moving average of $88.32. The company has a quick ratio of 0.94, a current ratio of 0.84 and a debt-to-equity ratio of 1.13. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 16.96 and a beta of 0.79. J2 Global Inc has a 52-week low of $65.07 and a 52-week high of $100.53.

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

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

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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