APG Asset Management N.V. Acquires New Position in J2 Global Inc (NASDAQ:JCOM)

APG Asset Management N.V. acquired a new position in shares of J2 Global Inc (NASDAQ:JCOM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,900 shares of the technology company’s stock, valued at approximately $695,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JCOM. Thoroughbred Financial Services LLC grew its stake in shares of J2 Global by 9,636.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 279,824 shares of the technology company’s stock worth $27,982,000 after acquiring an additional 276,950 shares in the last quarter. Jackson Square Partners LLC grew its stake in shares of J2 Global by 6.8% in the 1st quarter. Jackson Square Partners LLC now owns 2,142,188 shares of the technology company’s stock worth $185,513,000 after acquiring an additional 135,857 shares in the last quarter. Schroder Investment Management Group grew its position in J2 Global by 1,518.1% during the second quarter. Schroder Investment Management Group now owns 121,360 shares of the technology company’s stock valued at $10,788,000 after buying an additional 113,860 shares during the period. Fort Washington Investment Advisors Inc. OH grew 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 valued at $23,281,000 after buying an additional 93,000 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position 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 valued at $7,369,000 after buying an additional 75,400 shares during the period.

Shares of J2 Global stock opened at $89.04 on Friday. The company’s 50-day moving average price is $85.90 and its 200-day moving average price is $86.82. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 15.04 and a beta of 0.82. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. J2 Global Inc has a 12-month low of $65.07 and a 12-month high of $92.28.

J2 Global (NASDAQ:JCOM) last announced its earnings results on Tuesday, August 6th. The technology company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The business had revenue of $322.43 million for the quarter, compared to the consensus estimate of $320.25 million. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. J2 Global’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. On average, sell-side analysts predict that J2 Global Inc will post 6.63 earnings per share for the current year.

In other J2 Global news, VP Jeremy Rossen sold 2,617 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $83.50, for a total transaction of $218,519.50. Following the transaction, the vice president now directly owns 32,440 shares in the company, valued at $2,708,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Brian Kretzmer sold 1,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $87.03, for a total transaction of $156,654.00. Following the transaction, the director now owns 7,256 shares in the company, valued at $631,489.68. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Several equities analysts recently weighed in on the stock. Sidoti increased their price target on shares of J2 Global from $110.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, September 6th. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $105.00.

J2 Global 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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