State of New Jersey Common Pension Fund D raised its position in shares of JD.com, Inc. (NASDAQ:JD) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 608,405 shares of the information services provider’s stock after buying an additional 40,000 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of JD.com worth $23,860,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after buying an additional 464 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of JD.com during the first quarter worth about $242,000. Greenleaf Trust acquired a new position in shares of JD.com during the second quarter worth about $242,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of JD.com by 46.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,042 shares of the information services provider’s stock worth $250,000 after buying an additional 2,542 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new position in shares of JD.com during the second quarter worth about $267,000. Institutional investors and hedge funds own 49.20% of the company’s stock.
Shares of JD.com, Inc. (JD) opened at 46.40 on Monday. The company’s market capitalization is $65.86 billion. JD.com, Inc. has a 12 month low of $21.29 and a 12 month high of $46.85.
JD.com (NASDAQ:JD) last posted its earnings results on Monday, May 8th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.13. JD.com had a negative return on equity of 1.46% and a negative net margin of 0.96%. The firm had revenue of $76.20 billion for the quarter, compared to analysts’ expectations of $73.59 billion. During the same period in the previous year, the firm earned ($0.15) earnings per share. The business’s revenue was up 41.2% compared to the same quarter last year. Analysts expect that JD.com, Inc. will post $0.39 EPS for the current fiscal year.
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A number of brokerages recently issued reports on JD. Instinet reiterated a “buy” rating and issued a $37.00 price objective on shares of JD.com in a report on Wednesday, May 10th. Vetr upgraded shares of JD.com from a “sell” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Tuesday, April 18th. Sanford C. Bernstein upgraded shares of JD.com from an “underperform” rating to a “market perform” rating and dropped their price objective for the company from $39.09 to $21.00 in a report on Tuesday, May 9th. Cowen and Company raised their price objective on shares of JD.com from $30.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Finally, Goldman Sachs Group, Inc. (The) raised their price objective on shares of JD.com from $38.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $37.33.
JD.com Company Profile
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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