State of New Jersey Common Pension Fund D boosted its stake in 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 institutional investor 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 about 0.05% of JD.com worth $23,860,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of JD. Envestnet Asset Management Inc. increased its position in 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 valued at $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 valued at approximately $242,000. Greenleaf Trust acquired a new position in shares of JD.com during the second quarter valued at approximately $242,000. OLD Mutual Customised Solutions Proprietary Ltd. increased 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 valued at $250,000 after buying an additional 2,542 shares during the last quarter. Finally, Rehmann Capital Advisory Group acquired a new position in shares of JD.com during the second quarter valued at approximately $267,000. 48.97% of the stock is owned by institutional investors.
JD.com, Inc. (NASDAQ JD) traded down 6.53% during mid-day trading on Thursday, reaching $40.80. The company’s stock had a trading volume of 30,668,993 shares. JD.com, Inc. has a 52 week low of $23.38 and a 52 week high of $48.99. The company’s 50-day moving average price is $43.31 and its 200 day moving average price is $36.78.
JD.com (NASDAQ:JD) last posted its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The business had revenue of $93.20 billion during the quarter, compared to the consensus estimate of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.57%. The company’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, equities research analysts predict that JD.com, Inc. will post $0.43 EPS for the current year.
A number of equities research analysts recently commented on the company. Vetr downgraded JD.com from a “strong-buy” rating to a “buy” rating and set a $40.00 target price on the stock. in a research report on Monday, May 8th. Sanford C. Bernstein raised JD.com from an “underperform” rating to a “market perform” rating and reduced their price objective for the stock from $39.09 to $21.00 in a research note on Tuesday, May 9th. Stifel Nicolaus boosted their price objective on JD.com from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Benchmark Co. reissued a “buy” rating and set a $48.00 price objective (up from $40.00) on shares of JD.com in a research note on Tuesday, May 9th. Finally, Cowen and Company boosted their price objective on JD.com from $30.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 9th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. JD.com presently has an average rating of “Buy” and an average price target of $42.24.
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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