Canada Pension Plan Investment Board Has $201.53 Million Stake in JD.com, Inc. (JD)

Canada Pension Plan Investment Board lowered its stake in JD.com, Inc. (NASDAQ:JD) by 25.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,138,491 shares of the information services provider’s stock after selling 1,783,809 shares during the period. Canada Pension Plan Investment Board’s holdings in JD.com were worth $201,532,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Geneva Advisors LLC boosted its stake in JD.com by 277.0% in the first quarter. Geneva Advisors LLC now owns 62,789 shares of the information services provider’s stock worth $1,953,000 after buying an additional 46,135 shares in the last quarter. Jennison Associates LLC boosted its stake in JD.com by 4.6% in the first quarter. Jennison Associates LLC now owns 10,994 shares of the information services provider’s stock worth $342,000 after buying an additional 484 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in JD.com by 17.5% in the first quarter. Wetherby Asset Management Inc. now owns 12,665 shares of the information services provider’s stock worth $394,000 after buying an additional 1,887 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in JD.com by 9.3% in the first quarter. Russell Investments Group Ltd. now owns 923,614 shares of the information services provider’s stock worth $28,733,000 after buying an additional 78,440 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its stake in JD.com by 70.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 15,200 shares of the information services provider’s stock worth $473,000 after buying an additional 6,300 shares in the last quarter. Institutional investors and hedge funds own 49.20% of the company’s stock.

Shares of JD.com, Inc. (NASDAQ JD) opened at 47.84 on Thursday. JD.com, Inc. has a 1-year low of $22.93 and a 1-year high of $48.99. The stock has a 50 day moving average price of $42.90 and a 200 day moving average price of $36.17. The firm’s market capitalization is $67.91 billion.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Monday, May 8th. The information services provider reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.13. JD.com had a negative return on equity of 1.46% and a negative net margin of 0.96%. The company had revenue of $76.20 billion during the quarter, compared to analysts’ expectations of $73.59 billion. During the same period in the prior year, the company earned ($0.15) EPS. JD.com’s revenue was up 41.2% compared to the same quarter last year. Equities research analysts anticipate that JD.com, Inc. will post $0.41 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on JD. Bank of America Corporation reaffirmed a “buy” rating and set a $53.00 price target (up from $46.00) on shares of JD.com in a report on Wednesday. Instinet reaffirmed a “buy” rating on shares of JD.com in a report on Saturday, July 22nd. Vetr cut JD.com from a “buy” rating to a “hold” rating and set a $42.50 price target for the company. in a report on Wednesday, June 7th. Zacks Investment Research cut JD.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Cowen and Company raised their price target on JD.com from $30.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.63.

About JD.com

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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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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