Strs Ohio purchased a new stake in shares of JD.com Inc. (NASDAQ:JD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,200 shares of the company’s stock, valued at approximately $1,193,000.
Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc raised its position in JD.com by 11.5% in the first quarter. Commonwealth Equity Services Inc now owns 20,986 shares of the company’s stock worth $556,000 after buying an additional 2,165 shares during the period. Teachers Advisors Inc. raised its position in JD.com by 1.6% in the first quarter. Teachers Advisors Inc. now owns 341,072 shares of the company’s stock worth $9,038,000 after buying an additional 5,372 shares during the period. BlackRock Fund Advisors raised its position in JD.com by 6.9% in the first quarter. BlackRock Fund Advisors now owns 2,228,706 shares of the company’s stock worth $59,061,000 after buying an additional 143,430 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in JD.com by 3.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,038,084 shares of the company’s stock worth $54,009,000 after buying an additional 76,239 shares during the period. Finally, ING Groep NV raised its position in JD.com by 37.2% in the first quarter. ING Groep NV now owns 136,199 shares of the company’s stock worth $3,611,000 after buying an additional 36,917 shares during the period. 54.30% of the stock is owned by institutional investors and hedge funds.
Shares of JD.com Inc. (NASDAQ:JD) traded down 1.20% on Thursday, reaching $26.27. The company had a trading volume of 13,972,230 shares. JD.com Inc. has a 1-year low of $19.51 and a 1-year high of $33.48. The company’s 50 day moving average price is $26.33 and its 200-day moving average price is $24.36. The stock’s market capitalization is $37.92 billion.
JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. The firm had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.81 billion. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) EPS. Equities analysts predict that JD.com Inc. will post ($0.10) EPS for the current year.
A number of research firms have recently weighed in on JD. Vetr lowered JD.com from a “strong-buy” rating to a “buy” rating and set a $30.83 price objective for the company. in a research note on Thursday, October 6th. SunTrust Banks Inc. increased their price target on JD.com from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Monday. MKM Partners lowered JD.com from a “buy” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $27.00 in a research note on Tuesday, September 20th. JPMorgan Chase & Co. initiated coverage on JD.com in a research note on Wednesday, August 31st. They set a “neutral” rating and a $29.00 price target for the company. Finally, Zacks Investment Research raised JD.com from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. JD.com presently has a consensus rating of “Buy” and an average target price of $31.33.
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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