Sumitomo Mitsui Trust Holdings Inc. raised its position in JD.com Inc. (NASDAQ:JD) by 276.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,958,654 shares of the company’s stock after buying an additional 1,438,952 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in JD.com were worth $41,582,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in JD. Teachers Advisors Inc. boosted its position in shares of 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 last quarter. BlackRock Fund Advisors boosted its position in shares of 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 last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of 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 last quarter. ING Groep NV boosted its position in shares of 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 last quarter. Finally, Aviva PLC boosted its position in shares of JD.com by 6.3% in the first quarter. Aviva PLC now owns 25,300 shares of the company’s stock worth $670,000 after buying an additional 1,500 shares during the last quarter. 54.64% of the stock is owned by institutional investors.
Shares of JD.com Inc. (NASDAQ:JD) traded down 0.19% during mid-day trading on Tuesday, hitting $26.26. The stock had a trading volume of 5,730,624 shares. The company’s 50 day moving average price is $26.39 and its 200 day moving average price is $24.34. JD.com Inc. has a 12-month low of $19.51 and a 12-month high of $33.48. The stock’s market cap is $37.90 billion.
JD.com (NASDAQ:JD) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. The company earned $9.80 billion during the quarter, compared to the consensus estimate of $9.81 billion. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. JD.com’s revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS. Equities research analysts predict that JD.com Inc. will post ($0.10) EPS for the current fiscal year.
Several research firms recently commented on JD. Zacks Investment Research raised JD.com from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $26.50 price target for the company in a report on Wednesday, August 31st. TH Capital cut JD.com from a “buy” rating to a “hold” rating in a report on Monday, August 8th. JPMorgan Chase & Co. began coverage on JD.com in a report on Wednesday, August 31st. They issued a “neutral” rating and a $29.00 price target for the company. Finally, MKM Partners set a $32.00 price target on JD.com and gave the company a “buy” rating in a report on Wednesday, August 10th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. JD.com presently has an average rating of “Buy” and an average price target of $31.47.
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.
Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com Inc. (NASDAQ:JD).
Receive News & Ratings for JD.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.