Pdt Partners buys $14,217,873 stake in J2 Global Inc (JCOM)

J2 Global Inc (JCOM) : Pdt Partners scooped up 172,106 additional shares in J2 Global Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 208,810 shares of J2 Global Inc which is valued at $14,217,873.J2 Global Inc makes up approximately 0.83% of Pdt Partners’s portfolio.

Other Hedge Funds, Including , Capstone Investment Advisors boosted its stake in JCOM in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 13,500 shares of J2 Global Inc which is valued at $919,215. J2 Global Inc makes up approx 0.07% of Capstone Investment Advisors’s portfolio.Origin Asset Management Llp boosted its stake in JCOM in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 85,772 shares of J2 Global Inc which is valued at $5,840,215. J2 Global Inc makes up approx 0.37% of Origin Asset Management Llp’s portfolio.Bronfman E.l. Rothschild reduced its stake in JCOM by selling 35 shares or 4.01% in the most recent quarter. The Hedge Fund company now holds 838 shares of JCOM which is valued at $57,059. J2 Global Inc makes up approx 0.01% of Bronfman E.l. Rothschild’s portfolio.Renaissance Group boosted its stake in JCOM in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 4,013 shares of J2 Global Inc which is valued at $273,245. J2 Global Inc makes up approx 0.01% of Renaissance Group’s portfolio.Gsa Capital Partners Llp boosted its stake in JCOM in the latest quarter, The investment management firm added 17,376 additional shares and now holds a total of 21,429 shares of J2 Global Inc which is valued at $1,493,816. J2 Global Inc makes up approx 0.08% of Gsa Capital Partners Llp’s portfolio.

J2 Global Inc opened for trading at $68.23 and hit $69.01 on the upside on Thursday, eventually ending the session at $69.01, with a gain of 1.23% or 0.84 points. The heightened volatility saw the trading volume jump to 4,69,803 shares. Company has a market cap of $3,313 M.

On the company’s financial health, J2 Global Inc reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.15. The company had revenue of $211.80 million for the quarter, compared to analysts expectations of $206.41 million. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Many Wall Street Analysts have commented on J2 Global Inc. Robert W. Baird Initiated J2 Global Inc on Aug 31, 2016 to “Outperform”, Price Target of the shares are set at $83.

j2 Global Inc. provides Internet services through two divisions: Business Cloud Services and Digital Media. The Business Cloud Services Division offers Internet fax virtual phone hosted e-mail e-mail marketing online backup unified communications and CRM solutions. It markets its services principally under the brand names eFax eVoice FuseMail Campaigner KeepItSafe Livedrive and Onebox and operates a messaging network spanning 49 countries on six continents. The Digital Media Division offers technology gaming and lifestyle content through its digital properties which include PCMag.com IGN.com AskMen.com Toolbox.com and others. The Digital Media Division also operates NetShelter Powered by BuyerBase an advanced digital ad targeting platform and Ziff Davis B2B a provider of research to enterprise buyers and leads to IT vendors.

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