Amalgamated Bank Buys 233 Shares of j2 Global, Inc. (JCOM)
Amalgamated Bank increased its stake in shares of j2 Global, Inc. (NASDAQ:JCOM) by 3.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,716 shares of the technology company’s stock after acquiring an additional 233 shares during the period. Amalgamated Bank’s holdings in j2 Global were worth $571,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in j2 Global by 14.8% in the 1st quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock worth $121,000 after buying an additional 186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in j2 Global by 15.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock valued at $150,000 after buying an additional 241 shares during the last quarter. First Mercantile Trust Co. grew its stake in shares of j2 Global by 1.9% during the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock valued at $183,000 after acquiring an additional 40 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of j2 Global during the first quarter valued at about $206,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of j2 Global during the first quarter valued at about $215,000.
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A number of analysts have recently issued reports on JCOM shares. BidaskClub lowered j2 Global from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut j2 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Citigroup Inc. reduced their price target on j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, August 7th. ValuEngine downgraded j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Robert W. Baird restated a “buy” rating and set a $94.00 price objective on shares of j2 Global in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. j2 Global has a consensus rating of “Hold” and an average price target of $100.60.
Shares of j2 Global, Inc. (NASDAQ:JCOM) opened at 74.37 on Wednesday. j2 Global, Inc. has a 12-month low of $62.55 and a 12-month high of $91.48. The company has a 50-day moving average of $73.92 and a 200 day moving average of $81.91. The firm has a market capitalization of $3.59 billion, a PE ratio of 24.91 and a beta of 0.94.
j2 Global (NASDAQ:JCOM) last issued 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 business had revenue of $273.20 million for the quarter, compared to analyst estimates of $271.89 million. During the same quarter last year, the firm earned $1.21 earnings per share. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, analysts predict that j2 Global, Inc. will post $5.76 EPS for the current year.
j2 Global 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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