Virginia Retirement Systems ET AL acquired 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 acquired 20,100 shares of the company’s stock, valued at approximately $427,000.
A number of other institutional investors have also added to or reduced their stakes in JD. KBC Group NV raised its stake in shares of JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock worth $170,000 after buying an additional 264 shares in the last quarter. Alpine Partners VI LLC bought a new stake in shares of JD.com during the first quarter worth $229,000. Suntrust Banks Inc. raised its stake in shares of JD.com by 3.6% in the second quarter. Suntrust Banks Inc. now owns 10,466 shares of the company’s stock worth $221,000 after buying an additional 366 shares in the last quarter. Seven Bridges Advisors LLC bought a new stake in shares of JD.com during the second quarter worth $234,000. Finally, Seven Eight Capital LLC bought a new stake in shares of JD.com during the first quarter worth $326,000. 54.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of JD.com Inc. (NASDAQ:JD) opened at 27.03 on Friday. The stock’s market capitalization is $39.01 billion. JD.com Inc. has a 52-week low of $19.51 and a 52-week high of $33.48. The company has a 50-day moving average of $26.24 and a 200-day moving average of $24.36.
JD.com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.32. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. The company earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.81 billion. During the same quarter in the previous year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. Equities research analysts anticipate that JD.com Inc. will post ($0.10) EPS for the current year.
JD has been the subject of several analyst reports. 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. MKM Partners lowered JD.com from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $32.00 to $27.00 in a research note on Tuesday, September 20th. JPMorgan Chase & Co. started coverage on shares of JD.com in a report on Wednesday, August 31st. They issued a “neutral” rating and a $29.00 target price for the company. Zacks Investment Research raised shares of JD.com from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $27.00 target price on shares of JD.com in a report on Saturday, August 13th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.44.
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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