J2 Global Inc (JCOM) Position Decreased by Rothschild & Co. Asset Management US Inc.

Rothschild & Co. Asset Management US Inc. decreased its stake in J2 Global Inc (NASDAQ:JCOM) by 0.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 439,328 shares of the technology company’s stock after selling 1,118 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in J2 Global were worth $38,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in JCOM. Pearl River Capital LLC purchased a new stake in shares of J2 Global during the 4th quarter worth about $30,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of J2 Global by 68.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 645 shares of the technology company’s stock worth $45,000 after purchasing an additional 262 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of J2 Global during the 1st quarter worth approximately $52,000. Parametrica Management Ltd acquired a new stake in shares of J2 Global during the 4th quarter worth approximately $204,000. Finally, Brinker Capital Inc. acquired a new stake in shares of J2 Global during the 1st quarter worth approximately $211,000. Institutional investors and hedge funds own 99.90% of the company’s stock.

Shares of NASDAQ:JCOM traded down $0.18 during trading on Wednesday, hitting $87.05. 748 shares of the stock were exchanged, compared to its average volume of 367,554. J2 Global Inc has a 1-year low of $65.07 and a 1-year high of $91.58. The firm has a market capitalization of $4.23 billion, a PE ratio of 14.70, a PEG ratio of 1.63 and a beta of 0.88. The company has a current ratio of 1.25, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. J2 Global had a return on equity of 28.93% and a net margin of 11.60%. The company had revenue of $299.90 million for the quarter, compared to analyst estimates of $296.12 million. During the same quarter last year, the firm earned $1.22 EPS. J2 Global’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that J2 Global Inc will post 6.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th will be paid a $0.455 dividend. This is a positive change from J2 Global’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, May 17th. This represents a $1.82 annualized dividend and a yield of 2.09%. J2 Global’s payout ratio is currently 30.07%.

Several brokerages have recently weighed in on JCOM. Wedbush lifted their price objective on J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. DA Davidson set a $110.00 price objective on J2 Global and gave the stock a “buy” rating in a report on Monday, April 22nd. Zacks Investment Research raised J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Wednesday, April 17th. Citigroup lifted their price objective on J2 Global from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, BidaskClub raised J2 Global from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. J2 Global currently has an average rating of “Buy” and an average price target of $100.20.

In related news, Director Douglas Y. Bech sold 4,307 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $85.12, for a total value of $366,611.84. Following the sale, the director now owns 123,081 shares of the company’s stock, valued at approximately $10,476,654.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Brian Kretzmer sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $84.17, for a total value of $505,020.00. Following the completion of the sale, the director now directly owns 12,764 shares in the company, valued at approximately $1,074,345.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,807 shares of company stock worth $5,555,067. 5.90% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This story was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/22/j2-global-inc-jcom-position-decreased-by-rothschild-co-asset-management-us-inc.html.

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.

See Also: Understanding Options Trading

Want to see what other hedge funds are holding JCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J2 Global Inc (NASDAQ:JCOM).

Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

Receive News & Ratings for J2 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J2 Global and related companies with MarketBeat.com's FREE daily email newsletter.