J2 Global Inc (NASDAQ:JCOM) CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $76.59, for a total value of $229,770.00. Following the transaction, the chief executive officer now owns 745,232 shares of the company’s stock, valued at $57,077,318.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Vivek Shah also recently made the following trade(s):
- On Tuesday, January 16th, Vivek Shah sold 3,000 shares of J2 Global stock. The stock was sold at an average price of $77.63, for a total value of $232,890.00.
J2 Global Inc (NASDAQ:JCOM) opened at $77.69 on Wednesday. The stock has a market capitalization of $3,745.88, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.74 and a beta of 0.89. J2 Global Inc has a fifty-two week low of $70.27 and a fifty-two week high of $91.48. The company has a quick ratio of 2.79, a current ratio of 2.34 and a debt-to-equity ratio of 0.98.
J2 Global (NASDAQ:JCOM) last released its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.09. The firm had revenue of $316.38 million during the quarter, compared to analyst estimates of $319.00 million. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. J2 Global’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. research analysts anticipate that J2 Global Inc will post 5.55 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 22nd will be issued a $0.405 dividend. The ex-dividend date is Wednesday, February 21st. This is a positive change from J2 Global’s previous quarterly dividend of $0.40. This represents a $1.62 dividend on an annualized basis and a yield of 2.09%. J2 Global’s dividend payout ratio (DPR) is 55.83%.
Several research analysts have recently commented on JCOM shares. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. DA Davidson started coverage on J2 Global in a research report on Friday, February 2nd. They set a “buy” rating and a $95.00 price target for the company. Robert W. Baird raised their price target on J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, William Blair restated an “outperform” rating on shares of J2 Global in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $99.50.
A number of large investors have recently added to or reduced their stakes in JCOM. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in J2 Global by 47.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock valued at $194,000 after purchasing an additional 831 shares during the period. Oppenheimer & Co. Inc. purchased a new position in J2 Global in the fourth quarter valued at $210,000. Wolverine Asset Management LLC purchased a new position in J2 Global in the fourth quarter valued at $222,000. Zeke Capital Advisors LLC purchased a new position in J2 Global in the fourth quarter valued at $224,000. Finally, Parametrica Management Ltd purchased a new position in J2 Global in the third quarter valued at $229,000.
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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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