Panagora Asset Management Inc. cut its position in JD.Com Inc (NASDAQ:JD) by 13.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,337 shares of the information services provider’s stock after selling 6,125 shares during the quarter. Panagora Asset Management Inc.’s holdings in JD.Com were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in JD. BlackRock Inc. raised its holdings in JD.Com by 11.6% in the first quarter. BlackRock Inc. now owns 39,266,220 shares of the information services provider’s stock valued at $1,183,877,000 after acquiring an additional 4,066,194 shares in the last quarter. Axiom International Investors LLC DE acquired a new stake in JD.Com in the second quarter valued at $48,821,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in JD.Com by 82.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,517,827 shares of the information services provider’s stock valued at $106,062,000 after acquiring an additional 1,589,432 shares in the last quarter. USS Investment Management Ltd acquired a new stake in JD.Com in the second quarter valued at $44,670,000. Finally, Acadian Asset Management LLC acquired a new stake in JD.Com in the first quarter valued at $39,375,000. Institutional investors and hedge funds own 50.17% of the company’s stock.
Shares of NASDAQ:JD traded up $0.40 on Thursday, reaching $31.47. 4,075,827 shares of the company’s stock were exchanged, compared to its average volume of 15,427,542. The firm has a market capitalization of $37.41 billion, a price-to-earnings ratio of -1,049.00 and a beta of 1.38. JD.Com Inc has a fifty-two week low of $19.21 and a fifty-two week high of $32.38. The business’s 50-day moving average is $29.86 and its two-hundred day moving average is $29.16. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.19.
JD.Com (NASDAQ:JD) last issued its earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.18. The company had revenue of $150.28 billion for the quarter, compared to analysts’ expectations of $147.44 billion. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The firm’s revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. Analysts predict that JD.Com Inc will post 0.77 earnings per share for the current fiscal year.
JD has been the topic of several recent analyst reports. Mizuho upped their price target on shares of JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price target (up from $36.00) on shares of JD.Com in a report on Wednesday, August 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $35.00 price target on shares of JD.Com in a report on Tuesday, August 13th. Nomura raised shares of JD.Com from a “neutral” rating to a “buy” rating and set a $29.81 price target on the stock in a report on Wednesday, May 15th. Finally, Loop Capital initiated coverage on shares of JD.Com in a report on Monday, June 3rd. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.97.
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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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