ING Groep NV raised its position in JD.com, Inc. (NASDAQ:JD) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,439 shares of the information services provider’s stock after buying an additional 761 shares during the period. ING Groep NV’s holdings in JD.com were worth $1,233,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in JD.com by 27.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,034 shares of the information services provider’s stock valued at $154,000 after buying an additional 1,286 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in JD.com during the first quarter valued at $242,000. Greenleaf Trust purchased a new position in JD.com during the second quarter valued at $242,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in 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 valued at $250,000 after buying an additional 2,542 shares during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new position in JD.com during the second quarter valued at $267,000. Hedge funds and other institutional investors own 49.20% of the company’s stock.
Shares of JD.com, Inc. (NASDAQ JD) traded down 3.66% during midday trading on Thursday, hitting $46.09. 12,253,539 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $42.90 and its 200-day moving average is $36.17. JD.com, Inc. has a 1-year low of $22.93 and a 1-year high of $48.99. The stock’s market cap is $65.42 billion.
JD.com (NASDAQ:JD) last posted its quarterly earnings data on Monday, May 8th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.13. The company had revenue of $76.20 billion for the quarter, compared to analyst estimates of $73.59 billion. JD.com had a negative net margin of 0.96% and a negative return on equity of 1.46%. The business’s quarterly revenue was up 41.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.15) earnings per share. Analysts predict that JD.com, Inc. will post $0.41 earnings per share for the current fiscal year.
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Several equities analysts have weighed in on the stock. Instinet reiterated a “buy” rating and issued a $37.00 target price 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 target price on the stock 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 decreased their target price for the company from $39.09 to $21.00 in a report on Tuesday, May 9th. Cowen and Company boosted their price target on shares of JD.com from $30.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, May 9th. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on shares of JD.com from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. JD.com has a consensus rating of “Buy” and an average target price of $38.63.
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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