Lido Advisors LLC increased its stake in JD.Com Inc (NASDAQ:JD) by 150.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the information services provider’s stock after purchasing an additional 15,000 shares during the quarter. Lido Advisors LLC’s holdings in JD.Com were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in JD.Com by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 47,332 shares of the information services provider’s stock valued at $1,960,000 after acquiring an additional 1,932 shares in the last quarter. LPL Financial LLC grew its stake in JD.Com by 240.0% during the 4th quarter. LPL Financial LLC now owns 20,838 shares of the information services provider’s stock valued at $863,000 after acquiring an additional 14,709 shares in the last quarter. Teacher Retirement System of Texas grew its stake in JD.Com by 26.6% during the 4th quarter. Teacher Retirement System of Texas now owns 102,804 shares of the information services provider’s stock valued at $4,258,000 after acquiring an additional 21,619 shares in the last quarter. Emory University purchased a new position in JD.Com during the 4th quarter valued at about $5,154,000. Finally, Raymond James & Associates grew its stake in JD.Com by 1,261.8% during the 4th quarter. Raymond James & Associates now owns 103,268 shares of the information services provider’s stock valued at $4,277,000 after acquiring an additional 95,685 shares in the last quarter. 50.21% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Vetr raised JD.Com from a “buy” rating to a “strong-buy” rating and set a $52.28 target price on the stock in a research note on Monday, February 5th. KeyCorp boosted their price target on JD.Com from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. TheStreet cut JD.Com from a “c” rating to a “d+” rating in a research note on Wednesday, March 7th. Sanford C. Bernstein reissued a “market perform” rating and issued a $47.00 price target (up previously from $40.00) on shares of JD.Com in a research note on Wednesday, January 31st. Finally, Zacks Investment Research raised JD.Com from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $50.35.
JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Tuesday, May 8th. The information services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.73. JD.Com had a return on equity of 3.62% and a net margin of 0.31%. The company had revenue of $100.13 billion during the quarter, compared to analyst estimates of $98.92 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. equities analysts anticipate that JD.Com Inc will post 0.28 earnings per share for the current fiscal year.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company in the People's Republic of China. The company operates in two segments, JD Mall and New Businesses. It sells mobile handsets, consumer electronics products, and auto parts and accessories; home appliances; and general merchandise products directly to customers through its Website jd.com and mobile applications.
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