Janus Capital Management LLC lowered its stake in JD.Com Inc (NASDAQ:JD) by 91.2% during the fourth quarter, Holdings Channel reports. The fund owned 22,881 shares of the company’s stock after selling 236,149 shares during the period. Janus Capital Management LLC’s holdings in JD.Com were worth $582,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hillhouse Capital Management Ltd. purchased a new position in JD.Com during the third quarter valued at about $2,991,374,000. 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 company’s stock valued at $487,804,000 after buying an additional 11,029,728 shares during the last quarter. Generation Investment Management LLP raised its position in JD.Com by 12.6% in the third quarter. Generation Investment Management LLP now owns 12,612,903 shares of the company’s stock valued at $329,071,000 after buying an additional 1,407,934 shares during the last quarter. Morgan Stanley raised its position in JD.Com by 43.9% in the third quarter. Morgan Stanley now owns 12,500,470 shares of the company’s stock valued at $326,137,000 after buying an additional 3,812,585 shares during the last quarter. Finally, Coronation Fund Managers Ltd. raised its position in JD.Com by 9.0% in the third quarter. Coronation Fund Managers Ltd. now owns 10,872,438 shares of the company’s stock valued at $283,662,000 after buying an additional 895,607 shares during the last quarter. Hedge funds and other institutional investors own 49.74% of the company’s stock.
Shares of JD.Com Inc (NASDAQ:JD) opened at 31.72 on Tuesday. The company’s market cap is $44.99 billion. The stock has a 50 day moving average of $30.05 and a 200 day moving average of $27.22. JD.Com Inc has a 1-year low of $19.51 and a 1-year high of $32.47.
JD.Com (NASDAQ:JD) last issued its earnings results on Thursday, March 2nd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.12. The firm earned $80.25 billion during the quarter, compared to analysts’ expectations of $76.30 billion. JD.Com had a negative return on equity of 28.18% and a negative net margin of 4.18%. The firm’s quarterly revenue was up 47.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. Analysts predict that JD.Com Inc will post $0.24 EPS for the current year.
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JD has been the subject of several analyst reports. Vetr upgraded shares of JD.Com from a “buy” rating to a “strong-buy” rating and set a $28.94 price target for the company in a report on Wednesday, December 21st. Sanford C. Bernstein initiated coverage on shares of JD.Com in a report on Wednesday, January 11th. They set an “underperform” rating and a $21.00 price target for the company. MKM Partners restated a “neutral” rating and set a $27.00 price target on shares of JD.Com in a report on Thursday, December 29th. JPMorgan Chase & Co. upgraded shares of JD.Com from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $32.00 to $39.00 in a report on Monday, January 9th. Finally, Jefferies Group LLC restated a “buy” rating and set a $40.00 price target (up previously from $32.50) on shares of JD.Com in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.97.
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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