Prudential Financial Inc. increased its stake in shares of JD.Com Inc (NASDAQ:JD) by 38.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,154,600 shares of the information services provider’s stock after buying an additional 595,900 shares during the period. Prudential Financial Inc. owned about 0.15% of JD.Com worth $67,029,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Hillhouse Capital Management Ltd. purchased a new position in JD.Com during the third quarter valued at about $2,991,374,000. Dodge & Cox purchased a new position in JD.Com during the fourth quarter valued at about $1,051,612,000. FMR LLC raised its position in JD.Com by 135.4% in the fourth quarter. FMR LLC now owns 19,174,688 shares of the information services provider’s stock valued at $487,804,000 after buying an additional 11,029,728 shares in the last quarter. Viking Global Investors LP raised its position in JD.Com by 38.3% in the fourth quarter. Viking Global Investors LP now owns 37,681,432 shares of the information services provider’s stock valued at $958,616,000 after buying an additional 10,427,102 shares in the last quarter. Finally, Scopia Capital Management LP purchased a new position in JD.Com during the third quarter valued at about $226,804,000. 49.74% of the stock is owned by hedge funds and other institutional investors.
Shares of JD.Com Inc (NASDAQ:JD) traded up 2.24% during midday trading on Friday, hitting $41.06. 12,501,170 shares of the stock were exchanged. The firm has a 50 day moving average of $35.39 and a 200 day moving average of $29.82. JD.Com Inc has a 12-month low of $19.51 and a 12-month high of $41.72. The firm’s market cap is $58.28 billion.
JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Monday, May 8th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.13. The firm had revenue of $76.20 billion for the quarter, compared to analysts’ expectations of $73.59 billion. JD.Com had a negative net margin of 4.18% and a negative return on equity of 28.18%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.15) earnings per share. Equities analysts forecast that JD.Com Inc will post $0.37 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on the stock. Vetr lowered shares of JD.Com from a “buy” rating to a “hold” rating and set a $41.67 price objective on the stock. in a report on Monday. Zacks Investment Research upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday. 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 research report on Tuesday, May 9th. Stifel Nicolaus boosted their target price on shares of JD.Com from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Finally, Benchmark Co. restated a “buy” rating and set a $48.00 target price (up from $40.00) on shares of JD.Com in a research report on Tuesday, May 9th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.32.
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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