Global X MANAGEMENT CO LLC boosted its stake in JD.com, Inc. (NASDAQ:JD) by 48.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,934 shares of the information services provider’s stock after purchasing an additional 57,632 shares during the period. Global X MANAGEMENT CO LLC’s holdings in JD.com were worth $6,721,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in JD. Hosking Partners LLP grew its stake in JD.com by 1.6% in the second 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. BlackRock Inc. grew its stake in JD.com by 0.8% in the second 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. Vanguard Group Inc. grew its stake in JD.com by 1.4% in the first 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 stake in JD.com in the second quarter worth $2,306,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in JD.com by 3.3% in the third quarter. Xact Kapitalforvaltning AB now owns 120,715 shares of the information services provider’s stock worth $4,611,000 after acquiring an additional 3,800 shares in the last quarter. 46.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of JD.com, Inc. (JD) traded up $0.16 on Monday, reaching $39.96. The company’s stock had a trading volume of 16,868,900 shares, compared to its average volume of 10,898,221. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.91. JD.com, Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $48.99.
JD.com (NASDAQ:JD) last released its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The firm had revenue of $93.20 billion during the quarter, compared to analysts’ expectations of $89.35 billion. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue was up 43.6% on a year-over-year basis. research analysts anticipate that JD.com, Inc. will post -0.04 earnings per share for the current fiscal year.
Several research firms have commented on JD. Bank of America Corporation reissued a “buy” rating and issued a $53.00 target price (up from $46.00) on shares of JD.com in a report on Wednesday, August 9th. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $45.83 target price on the stock in a report on Friday, September 22nd. UBS AG reissued a “neutral” rating and issued a $41.00 target price on shares of JD.com in a report on Monday, August 14th. BidaskClub downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Finally, J P Morgan Chase & Co boosted their target price on JD.com to $55.00 and gave the stock a “positive” rating in a report on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.23.
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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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