Xact Kapitalforvaltning AB trimmed its stake in JD.Com Inc (NASDAQ:JD) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,515 shares of the information services provider’s stock after selling 6,600 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in JD.Com were worth $2,831,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of JD. OppenheimerFunds Inc. boosted its stake in shares of JD.Com by 46.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 24,719,292 shares of the information services provider’s stock worth $962,818,000 after acquiring an additional 7,842,079 shares during the period. Vontobel Asset Management Inc. acquired a new stake in JD.Com during the 2nd quarter worth approximately $268,795,000. Genesis Asset Managers LLP acquired a new stake in JD.Com during the 2nd quarter worth approximately $87,487,000. BlackRock Inc. lifted its holdings in JD.Com by 6.1% during the 2nd quarter. BlackRock Inc. now owns 31,710,484 shares of the information services provider’s stock worth $1,235,123,000 after purchasing an additional 1,825,484 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in JD.Com during the 2nd quarter worth approximately $67,764,000. Hedge funds and other institutional investors own 48.72% of the company’s stock.
Several research firms recently weighed in on JD. Benchmark dropped their price target on JD.Com from $48.00 to $43.00 and set a “buy” rating for the company in a report on Friday, August 17th. BidaskClub cut JD.Com from a “sell” rating to a “strong sell” rating in a report on Thursday. Nomura dropped their price target on JD.Com from $44.00 to $41.00 and set a “buy” rating for the company in a report on Friday, August 17th. Zacks Investment Research cut JD.Com from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, KeyCorp dropped their price objective on JD.Com from $51.00 to $43.00 and set a “buy” rating for the company in a report on Friday, August 17th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.55.
Shares of JD.Com stock traded up $0.85 during trading on Thursday, reaching $20.34. 29,149,919 shares of the company’s stock were exchanged, compared to its average volume of 19,562,188. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.66 and a current ratio of 0.90. JD.Com Inc has a 1-year low of $19.27 and a 1-year high of $50.68. The stock has a market capitalization of $23.47 billion, a P/E ratio of 2,034.00 and a beta of 1.40.
JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Monday, November 19th. The information services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The business had revenue of $104.77 billion for the quarter, compared to analyst estimates of $105.93 billion. JD.Com had a negative return on equity of 2.40% and a net margin of 0.31%. JD.Com’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. On average, research analysts forecast that JD.Com Inc will post 0.14 earnings per share for the current year.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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