j2 Global, Inc. (JCOM) Position Raised by Koch Industries Inc.

Koch Industries Inc. grew its stake in j2 Global, Inc. (NASDAQ:JCOM) by 15,945.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 835,159 shares of the technology company’s stock after buying an additional 829,954 shares during the period. Koch Industries Inc. owned 1.73% of j2 Global worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in j2 Global by 14.8% in the first quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock worth $121,000 after acquiring an additional 186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $150,000 after acquiring an additional 241 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in j2 Global by 1.9% in the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after acquiring an additional 40 shares in the last quarter. Advisor Group Inc. boosted 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 worth $195,000 after acquiring an additional 43 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in j2 Global in the first quarter worth approximately $206,000.

A number of research analysts have recently weighed in on the company. BidaskClub lowered j2 Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine upgraded j2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Citigroup Inc. decreased their target price on j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, August 7th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $94.00 price target on shares of j2 Global in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. j2 Global presently has an average rating of “Hold” and an average price target of $101.75.

TRADEMARK VIOLATION NOTICE: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/23/j2-global-inc-jcom-shares-bought-by-koch-industries-inc.html.

Shares of j2 Global, Inc. (NASDAQ:JCOM) traded down 0.47% during mid-day trading on Monday, reaching $74.17. 149,522 shares of the company’s stock traded hands. The company’s 50-day moving average price is $74.76 and its 200-day moving average price is $81.19. j2 Global, Inc. has a 12-month low of $64.74 and a 12-month high of $91.48. The stock has a market capitalization of $3.59 billion, a PE ratio of 24.85 and a beta of 0.94.

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 the consensus estimate 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 during the quarter, compared to analys

Several other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in j2 Global by 14.8% in the first quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock worth $121,000 after acquiring an additional 186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $150,000 after acquiring an additional 241 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in j2 Global by 1.9% in the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after acquiring an additional 40 shares in the last quarter. Advisor Group Inc. boosted 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 worth $195,000 after acquiring an additional 43 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in j2 Global in the first quarter worth approximately $206,000.

A number of research analysts have recently weighed in on the company. BidaskClub lowered j2 Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine upgraded j2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Citigroup Inc. decreased their target price on j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, August 7th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $94.00 price target on shares of j2 Global in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. j2 Global presently has an average rating of “Hold” and an average price target of $101.75.

TRADEMARK VIOLATION NOTICE: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/23/j2-global-inc-jcom-shares-bought-by-koch-industries-inc.html.

Shares of j2 Global, Inc. (NASDAQ:JCOM) traded down 0.47% during mid-day trading on Monday, reaching $74.17. 149,522 shares of the company’s stock traded hands. The company’s 50-day moving average price is $74.76 and its 200-day moving average price is $81.19. j2 Global, Inc. has a 12-month low of $64.74 and a 12-month high of $91.48. The stock has a market capitalization of $3.59 billion, a PE ratio of 24.85 and a beta of 0.94.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $271.89 million. During the same quarter in the prior year, the company posted $1.21 earnings per share. The business’s revenue was up 29.0% compared to the same quarter last year. Analysts anticipate that j2 Global, Inc. will post $5.75 earnings per share for the current year.

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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