Candriam Luxembourg S.C.A. acquired a new position in shares of JD.com Inc. (NASDAQ:JD) during the second quarter, Holdings Channel reports. The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $297,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Alpine Partners VI LLC acquired a new stake in shares of JD.com during the first quarter worth approximately $229,000. Seven Bridges Advisors LLC acquired a new stake in shares of JD.com during the second quarter worth approximately $234,000. Capital One National Association acquired a new stake in shares of JD.com during the second quarter worth approximately $315,000. Seven Eight Capital LLC acquired a new stake in shares of JD.com during the first quarter worth approximately $326,000. Finally, AMP Capital Investors Ltd boosted its stake in shares of JD.com by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 13,600 shares of the company’s stock worth $370,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 54.30% of the company’s stock.
JD.com Inc. (NASDAQ:JD) traded down 1.20% during midday trading on Thursday, hitting $26.27. 13,972,230 shares of the stock traded hands. JD.com Inc. has a 52-week low of $19.51 and a 52-week high of $33.48. The firm’s market cap is $37.92 billion. The stock has a 50-day moving average of $26.33 and a 200 day moving average of $24.36.
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 Zacks’ consensus estimate of ($0.03) by $0.32. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The business earned $9.80 billion during the quarter, compared to the consensus estimate of $9.81 billion. During the same period in the previous year, the business earned ($0.01) EPS. The business’s quarterly revenue was up 42.0% on a year-over-year basis. Equities analysts forecast that JD.com Inc. will post ($0.10) EPS for the current year.
JD has been the subject of a number of research reports. Vetr cut shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $25.97 target price for the company. in a report on Wednesday, August 10th. T.H. Capital cut shares of JD.com from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Citigroup Inc. reissued a “buy” rating and issued a $32.00 price objective (up from $31.00) on shares of JD.com in a research note on Wednesday, August 10th. SunTrust Banks Inc. increased their price objective on shares of JD.com from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Jefferies Group increased their price objective on shares of JD.com from $31.60 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $31.33.
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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