Aurora Investment Counsel bought a new position in shares of J2 Global Inc (NASDAQ:JCOM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 26,750 shares of the technology company’s stock, valued at approximately $2,007,000. Aurora Investment Counsel owned approximately 0.06% of J2 Global as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Foster & Motley Inc. grew its position in J2 Global by 63.5% during the third quarter. Foster & Motley Inc. now owns 28,578 shares of the technology company’s stock worth $2,111,000 after buying an additional 11,100 shares in the last quarter. Legal & General Group Plc grew its position in J2 Global by 22.2% during the second quarter. Legal & General Group Plc now owns 37,629 shares of the technology company’s stock worth $3,206,000 after buying an additional 6,826 shares in the last quarter. Koch Industries Inc. grew its position in J2 Global by 15,945.3% during the second quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock worth $825,000 after buying an additional 829,954 shares in the last quarter. FMR LLC grew its position in J2 Global by 19.9% during the second quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock worth $515,222,000 after buying an additional 1,004,664 shares in the last quarter. Finally, American International Group Inc. grew its position in J2 Global by 2.9% during the third quarter. American International Group Inc. now owns 130,050 shares of the technology company’s stock worth $9,608,000 after buying an additional 3,714 shares in the last quarter.
In other news, VP Jeremy Rossen sold 2,514 shares of the company’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 completion of the transaction, the vice president now directly owns 26,372 shares in the company, valued at approximately $1,952,846.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.15% of the stock is currently owned by corporate insiders.
J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.02). J2 Global had a return on equity of 26.43% and a net margin of 12.60%. The firm had revenue of $273.60 million during the quarter, compared to analysts’ expectations of $272.84 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. J2 Global’s revenue for the quarter was up 30.2% compared to the same quarter last year. research analysts anticipate that J2 Global Inc will post 5.35 earnings per share for the current fiscal year.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. BidaskClub cut J2 Global from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, ValuEngine upgraded J2 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. J2 Global has a consensus rating of “Hold” and a consensus target price of $101.75.
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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).
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