Sit Investment Associates Inc. held its position in shares of JD.com Inc. (NASDAQ:JD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,650 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in JD.com were worth $162,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Partners VI LLC acquired a new stake in JD.com during the first quarter worth approximately $229,000. Seven Bridges Advisors LLC acquired a new stake in JD.com during the second quarter worth approximately $234,000. Candriam Luxembourg S.C.A. acquired a new stake in JD.com during the second quarter worth approximately $297,000. Capital One National Association acquired a new stake in JD.com during the second quarter worth approximately $315,000. Finally, Seven Eight Capital LLC acquired a new stake in JD.com during the first quarter worth approximately $326,000. Institutional investors own 54.30% of the company’s stock.
JD.com Inc. (NASDAQ:JD) traded up 0.88% during midday trading on Friday, hitting $26.50. The company had a trading volume of 7,110,387 shares. The firm’s market cap is $38.25 billion. The stock has a 50 day moving average of $26.35 and a 200 day moving average of $24.38. JD.com Inc. has a 52-week low of $19.51 and a 52-week high of $33.48.
JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, topping the 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% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. On average, analysts anticipate that JD.com Inc. will post ($0.10) EPS for the current year.
JD has been the topic of a number of research analyst reports. Zacks Investment Research raised JD.com from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $26.50 price target on the stock in a research note on Wednesday, August 31st. TH Capital lowered JD.com from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. JPMorgan Chase & Co. initiated coverage on JD.com in a research note on Wednesday, August 31st. They issued a “neutral” rating and a $29.00 price target on the stock. Finally, MKM Partners set a $32.00 price target on JD.com and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company 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.
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