First Allied Advisory Services Inc. acquired a new position in j2 Global, Inc. (NASDAQ:JCOM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,430 shares of the technology company’s stock, valued at approximately $976,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of j2 Global by 21,973.5% during the 1st quarter. BlackRock Inc. now owns 4,838,726 shares of the technology company’s stock worth $406,018,000 after acquiring an additional 4,816,805 shares in the last quarter. FMR LLC lifted its position in j2 Global by 19.9% during the second quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock valued at $515,222,000 after acquiring an additional 1,004,664 shares during the last quarter. Nordea Investment Management AB lifted its position in j2 Global by 3,312.3% during the second quarter. Nordea Investment Management AB now owns 651,653 shares of the technology company’s stock valued at $55,449,000 after acquiring an additional 632,556 shares during the last quarter. Principal Financial Group Inc. lifted its position in j2 Global by 88.1% during the second quarter. Principal Financial Group Inc. now owns 1,293,825 shares of the technology company’s stock valued at $110,092,000 after acquiring an additional 606,091 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in j2 Global by 20.0% during the second quarter. William Blair Investment Management LLC now owns 3,114,743 shares of the technology company’s stock valued at $265,033,000 after acquiring an additional 518,998 shares during the last quarter.

Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of j2 Global from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Citigroup Inc. reduced their price target on j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, August 7th. Zacks Investment Research downgraded j2 Global from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Robert W. Baird reiterated a “buy” rating and set a $94.00 price objective on shares of j2 Global in a report on Friday, September 1st. Finally, ValuEngine lowered j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $100.60.

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j2 Global, Inc. (NASDAQ JCOM) opened at 74.26 on Tuesday. j2 Global, Inc. has a 12-month low of $62.55 and a 12-month high of $91.48. The firm has a market cap of $3.59 billion, a P/E ratio of 24.88 and a beta of 0.94. The stock’s 50 day moving average is $73.91 and its 200 day moving average is $82.00.

j2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $271.89 million. j2 Global had a net margin of 14.74% and a return on equity of 26.62%. j2 Global’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. On average, equities research analysts expect that j2 Global, Inc. will post $5.76 EPS for the current year.

j2 Global Company Profile

j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).

Institutional Ownership by Quarter for j2 Global (NASDAQ:JCOM)

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