Standard Life Investments LTD Sells 730,031 Shares of JD.Com Inc (JD)
Standard Life Investments LTD reduced its position in shares of JD.Com Inc (NASDAQ:JD) by 12.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,250,281 shares of the company’s stock after selling 730,031 shares during the period. Standard Life Investments LTD’s holdings in JD.Com were worth $111,385,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in JD. Alpine Partners VI LLC bought a new stake in JD.Com during the first quarter worth about $229,000. Seven Bridges Advisors LLC bought a new stake in JD.Com during the second quarter worth about $234,000. Candriam Luxembourg S.C.A. bought a new stake in JD.Com during the second quarter worth about $297,000. Capital One National Association bought a new stake in JD.Com during the second quarter worth about $315,000. Finally, Seven Eight Capital LLC bought a new stake in JD.Com during the first quarter worth about $326,000.
JD.Com Inc (NASDAQ:JD) traded up 5.29% during midday trading on Tuesday, reaching $27.49. 29,533,273 shares of the company traded hands. The stock’s 50 day moving average is $25.99 and its 200 day moving average is $24.31. The company’s market capitalization is $39.68 billion. JD.Com Inc has a one year low of $19.51 and a one year high of $33.48.
JD.Com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. The business had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.81 billion. During the same period last year, the company earned ($0.01) earnings per share. JD.Com’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, equities analysts anticipate that JD.Com Inc will post ($0.10) earnings per share for the current year.
A number of research firms recently commented on JD. Vetr lowered shares of JD.Com from a “strong-buy” rating to a “buy” rating and set a $25.97 price target on the stock. in a research report on Wednesday, August 10th. T.H. Capital lowered shares of JD.Com from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Citigroup Inc. reaffirmed a “buy” rating and set a $32.00 price target (up from $31.00) on shares of JD.Com in a research report on Wednesday, August 10th. Jefferies Group raised their price target on shares of JD.Com from $31.60 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Nomura set a $30.00 price target on shares of JD.Com and gave the stock a “buy” rating in a research report on Thursday, August 11th. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $31.39.
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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