j2 Global, Inc. (JCOM) Stake Raised by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. lifted its holdings in j2 Global, Inc. (NASDAQ:JCOM) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,880 shares of the technology company’s stock after buying an additional 998 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.05% of j2 Global worth $2,202,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of JCOM. Fifth Third Bancorp raised its holdings in shares of j2 Global by 14.8% in the first quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock worth $121,000 after buying an additional 186 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of j2 Global by 15.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock worth $150,000 after buying an additional 241 shares during the period. First Mercantile Trust Co. raised its holdings in shares of j2 Global by 1.9% in the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after buying an additional 40 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of j2 Global in the first quarter worth approximately $206,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of j2 Global in the first quarter worth approximately $215,000.
j2 Global, Inc. (NASDAQ:JCOM) opened at 78.96 on Monday. The firm’s 50-day moving average price is $74.64 and its 200 day moving average price is $81.47. j2 Global, Inc. has a 12-month low of $62.65 and a 12-month high of $91.48. The stock has a market capitalization of $3.82 billion, a P/E ratio of 26.45 and a beta of 0.94.
j2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $271.89 million. During the same quarter last year, the company earned $1.21 earnings per share. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, equities analysts anticipate that j2 Global, Inc. will post $5.76 EPS for the current year.
Several equities research analysts have recently weighed in on JCOM shares. BidaskClub downgraded j2 Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Citigroup Inc. reduced their price objective on j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, August 7th. ValuEngine upgraded j2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, Robert W. Baird restated a “buy” rating and set a $94.00 price objective on shares of j2 Global in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $101.75.
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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).
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