D. E. Shaw & Co. Inc. Acquires 188,393 Shares of J2 Global Inc (JCOM)

D. E. Shaw & Co. Inc. raised its holdings in shares of J2 Global Inc (NASDAQ:JCOM) by 156.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,016 shares of the technology company’s stock after acquiring an additional 188,393 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.63% of J2 Global worth $21,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Prudential Financial Inc. boosted its stake in shares of J2 Global by 784.0% during the 3rd quarter. Prudential Financial Inc. now owns 382,149 shares of the technology company’s stock worth $31,660,000 after purchasing an additional 338,921 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of J2 Global by 15.8% during the 3rd quarter. Macquarie Group Ltd. now owns 1,177,101 shares of the technology company’s stock worth $97,523,000 after purchasing an additional 160,229 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in shares of J2 Global during the 3rd quarter worth about $12,674,000. Avitas Wealth Management LLC acquired a new stake in shares of J2 Global during the 3rd quarter worth about $8,927,000. Finally, William Blair Investment Management LLC boosted its stake in shares of J2 Global by 4.1% during the 3rd quarter. William Blair Investment Management LLC now owns 2,499,131 shares of the technology company’s stock worth $207,053,000 after purchasing an additional 97,492 shares during the last quarter. Hedge funds and other institutional investors own 99.90% of the company’s stock.

JCOM has been the topic of several analyst reports. ValuEngine raised shares of J2 Global from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. BidaskClub raised shares of J2 Global from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. William Blair reaffirmed an “outperform” rating on shares of J2 Global in a research note on Thursday, December 20th. Citigroup raised their price target on shares of J2 Global from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Finally, Zacks Investment Research raised shares of J2 Global from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $93.25.

JCOM opened at $86.66 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.50 and a current ratio of 1.50. J2 Global Inc has a 1 year low of $65.07 and a 1 year high of $91.58. The company has a market capitalization of $4.18 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.73 and a beta of 0.90.

J2 Global (NASDAQ:JCOM) last released its earnings results on Tuesday, February 12th. The technology company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.22. J2 Global had a net margin of 10.66% and a return on equity of 28.12%. The business had revenue of $346.10 million for the quarter, compared to analysts’ expectations of $342.12 million. During the same period last year, the company earned $1.79 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that J2 Global Inc will post 6.2 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 25th were given a $0.445 dividend. The ex-dividend date of this dividend was Friday, February 22nd. This is a boost from J2 Global’s previous quarterly dividend of $0.44. This represents a $1.78 annualized dividend and a dividend yield of 2.05%. J2 Global’s dividend payout ratio (DPR) is currently 30.07%.

In other J2 Global news, Director W Brian Kretzmer sold 6,000 shares of J2 Global stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $84.17, for a total transaction of $505,020.00. Following the transaction, the director now directly owns 12,764 shares of the company’s stock, valued at $1,074,345.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas Y. Bech sold 10,000 shares of J2 Global stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $83.26, for a total transaction of $832,600.00. Following the transaction, the director now directly owns 106,401 shares in the company, valued at $8,858,947.26. The disclosure for this sale can be found here. Insiders sold 67,863 shares of company stock worth $5,742,930 over the last three months. Corporate insiders own 5.97% of the company’s stock.

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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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