Cookson Peirce & Co. Inc. cut its position in j2 Global, Inc. (NASDAQ:JCOM) by 52.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,280 shares of the technology company’s stock after selling 5,880 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in j2 Global were worth $449,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JCOM. UBS Asset Management Americas Inc. lifted its position in j2 Global by 25.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 24,882 shares of the technology company’s stock valued at $2,088,000 after purchasing an additional 5,015 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in j2 Global in the 1st quarter valued at about $344,000. Alliancebernstein L.P. lifted its position in j2 Global by 52.3% in the 1st quarter. Alliancebernstein L.P. now owns 131,219 shares of the technology company’s stock valued at $11,011,000 after purchasing an additional 45,040 shares during the last quarter. Advantus Capital Management Inc lifted its position in j2 Global by 3.4% in the 1st quarter. Advantus Capital Management Inc now owns 6,167 shares of the technology company’s stock valued at $517,000 after purchasing an additional 200 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in j2 Global by 2.3% in the 1st quarter. Teachers Advisors LLC now owns 124,413 shares of the technology company’s stock valued at $10,439,000 after purchasing an additional 2,749 shares during the last quarter.

Several analysts recently weighed in on the stock. ValuEngine upgraded shares of j2 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of j2 Global from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird reiterated a “buy” rating and issued a $94.00 price objective on shares of j2 Global in a research report on Friday, September 1st. BidaskClub downgraded shares of j2 Global from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, Citigroup Inc. cut their price objective on shares of j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $101.75.

j2 Global, Inc. (JCOM) traded down 2.19% during mid-day trading on Monday, hitting $77.23. 51,533 shares of the company’s stock were exchanged. j2 Global, Inc. has a 52 week low of $62.65 and a 52 week high of $91.48. The stock has a market capitalization of $3.73 billion, a P/E ratio of 25.87 and a beta of 0.94. The firm has a 50 day moving average of $74.64 and a 200 day moving average of $81.47.

j2 Global (NASDAQ:JCOM) last issued its quarterly earnings data 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 company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $271.89 million. During the same period in the prior year, the company earned $1.21 EPS. The firm’s revenue was up 29.0% compared to the same quarter last year. Equities analysts forecast that j2 Global, Inc. will post $5.76 earnings per share for the current fiscal year.

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About j2 Global

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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