WINTON GROUP Ltd Takes $567,000 Position in J2 Global Inc (NASDAQ:JCOM)

WINTON GROUP Ltd purchased a new stake in J2 Global Inc (NASDAQ:JCOM) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,378 shares of the technology company’s stock, valued at approximately $567,000.

Several other institutional investors also recently added to or reduced their stakes in JCOM. Meitav Dash Investments Ltd. boosted its holdings in J2 Global by 3.2% during the first quarter. Meitav Dash Investments Ltd. now owns 7,920 shares of the technology company’s stock worth $681,000 after purchasing an additional 244 shares during the last quarter. Tortoise Index Solutions LLC acquired a new position in J2 Global during the first quarter worth $28,000. Hussman Strategic Advisors Inc. acquired a new position in J2 Global during the first quarter worth $52,000. Foster & Motley Inc. boosted its holdings in J2 Global by 3.2% during the first quarter. Foster & Motley Inc. now owns 22,655 shares of the technology company’s stock worth $1,962,000 after purchasing an additional 693 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in J2 Global by 19.7% during the first quarter. First Citizens Bank & Trust Co. now owns 4,706 shares of the technology company’s stock worth $408,000 after purchasing an additional 775 shares during the last quarter. Institutional investors own 99.90% of the company’s stock.

A number of analysts have commented on JCOM shares. Wedbush increased their price target on shares of Roku from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Citigroup increased their price target on shares of J2 Global from $86.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Finally, DA Davidson reiterated a “neutral” rating on shares of Central Valley Community Bancorp in a research note on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. J2 Global has an average rating of “Buy” and an average target price of $100.20.

In other news, VP Jeremy Rossen sold 2,213 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $86.30, for a total value of $190,981.90. Following the transaction, the vice president now directly owns 36,440 shares of the company’s stock, valued at $3,144,772. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Scott Turicchi sold 10,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $86.67, for a total transaction of $866,700.00. Following the completion of the transaction, the chief financial officer now directly owns 293,139 shares in the company, valued at $25,406,357.13. The disclosure for this sale can be found here. Insiders sold 21,102 shares of company stock worth $1,830,912 over the last three months. Insiders own 5.90% of the company’s stock.

JCOM stock traded up $0.47 during trading hours on Wednesday, reaching $90.32. The stock had a trading volume of 68,403 shares, compared to its average volume of 225,052. The company has a market capitalization of $4.39 billion, a PE ratio of 15.26, a PEG ratio of 1.72 and a beta of 0.84. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average is $88.58. J2 Global Inc has a fifty-two week low of $65.07 and a fifty-two week high of $92.00.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The firm had revenue of $299.90 million during the quarter, compared to analysts’ expectations of $296.12 million. J2 Global had a net margin of 11.60% and a return on equity of 28.93%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. As a group, sell-side analysts predict that J2 Global Inc will post 6.65 earnings per share for the current fiscal year.

J2 Global Company Profile

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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