Parametric Portfolio Associates LLC increased its stake in shares of JD.com, Inc. (NASDAQ:JD) by 3.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 274,654 shares of the information services provider’s stock after purchasing an additional 9,500 shares during the period. Parametric Portfolio Associates LLC’s holdings in JD.com were worth $10,772,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Hosking Partners LLP boosted its position in shares of JD.com by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 1,081,565 shares of the information services provider’s stock worth $42,419,000 after purchasing an additional 17,356 shares during the period. Vanguard Group Inc. boosted its position in shares of JD.com by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock worth $108,351,000 after purchasing an additional 46,530 shares during the period. Airain ltd purchased a new position in shares of JD.com during the 2nd quarter worth approximately $2,306,000. BlackRock Inc. boosted its position in shares of JD.com by 0.8% during the 2nd quarter. BlackRock Inc. now owns 31,030,874 shares of the information services provider’s stock worth $1,217,028,000 after purchasing an additional 260,994 shares during the period. Finally, FIL Ltd boosted its position in shares of JD.com by 36.1% during the 2nd quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock worth $386,713,000 after purchasing an additional 2,616,886 shares during the period. 46.43% of the stock is owned by hedge funds and other institutional investors.
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Shares of JD.com, Inc. (NASDAQ JD) opened at 38.51 on Friday. JD.com, Inc. has a one year low of $23.38 and a one year high of $48.99. The firm’s market capitalization is $54.81 billion. The stock has a 50 day moving average of $41.30 and a 200-day moving average of $39.88.
JD.com (NASDAQ:JD) last announced its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $93.20 billion during the quarter, compared to the consensus estimate of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The business’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, equities analysts anticipate that JD.com, Inc. will post $0.45 earnings per share for the current fiscal year.
JD has been the topic of a number of research reports. MKM Partners upgraded shares of JD.com from a “neutral” rating to a “buy” rating and increased their target price for the stock from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of JD.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. J P Morgan Chase & Co increased their target price on shares of JD.com to $55.00 and gave the stock a “positive” rating in a report on Tuesday, August 15th. Vetr lowered shares of JD.com from a “buy” rating to a “hold” rating and set a $44.29 target price on the stock. in a report on Wednesday, September 13th. Finally, Instinet reiterated a “buy” rating on shares of JD.com in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $43.97.
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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