First Citizens Bank & Trust Co. Sells 776 Shares of J2 Global Inc (JCOM)
First Citizens Bank & Trust Co. decreased its position in J2 Global Inc (NASDAQ:JCOM) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,062 shares of the technology company’s stock after selling 776 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in J2 Global were worth $230,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in J2 Global by 15.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock valued at $150,000 after acquiring an additional 241 shares during the period. Advisor Group Inc. lifted its holdings in J2 Global by 1.7% in the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock valued at $195,000 after acquiring an additional 43 shares during the period. Parametrica Management Ltd bought a new position in J2 Global in the third quarter valued at about $229,000. Shelton Capital Management bought a new position in J2 Global in the second quarter valued at about $277,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in J2 Global in the third quarter valued at about $250,000.
J2 Global Inc (NASDAQ JCOM) opened at $77.03 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.79 and a quick ratio of 2.79. J2 Global Inc has a 12 month low of $71.09 and a 12 month high of $91.48. The company has a market capitalization of $3,728.95, a PE ratio of 28.53 and a beta of 0.87.
J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.02). J2 Global had a return on equity of 26.43% and a net margin of 12.60%. The company had revenue of $273.60 million during the quarter, compared to the consensus estimate of $272.84 million. During the same period last year, the business earned $1.25 EPS. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. research analysts expect that J2 Global Inc will post 5.35 EPS for the current fiscal year.
In other news, VP Jeremy Rossen sold 2,514 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total value of $186,161.70. Following the transaction, the vice president now owns 26,372 shares of the company’s stock, valued at $1,952,846.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.15% of the stock is owned by company insiders.
A number of research firms have weighed in on JCOM. Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. BidaskClub downgraded J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, ValuEngine raised J2 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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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