Dodge & Cox bought a new position in shares of JD.Com Inc (NASDAQ:JD) during the fourth quarter, Holdings Channel reports. The institutional investor bought 41,336,936 shares of the company’s stock, valued at approximately $1,051,612,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Seven Bridges Advisors LLC increased its stake in JD.Com by 0.7% in the third quarter. Seven Bridges Advisors LLC now owns 11,081 shares of the company’s stock worth $289,000 after buying an additional 82 shares during the last quarter. Tdam USA Inc. increased its stake in JD.Com by 1.4% in the third quarter. Tdam USA Inc. now owns 14,827 shares of the company’s stock valued at $387,000 after buying an additional 210 shares in the last quarter. Aviva PLC increased its stake in JD.Com by 0.3% in the fourth quarter. Aviva PLC now owns 110,100 shares of the company’s stock valued at $2,801,000 after buying an additional 300 shares in the last quarter. Shelton Capital Management increased its stake in JD.Com by 0.7% in the fourth quarter. Shelton Capital Management now owns 54,325 shares of the company’s stock valued at $1,382,000 after buying an additional 400 shares in the last quarter. Finally, American International Group Inc. increased its stake in JD.Com by 1.1% in the third quarter. American International Group Inc. now owns 52,725 shares of the company’s stock valued at $1,376,000 after buying an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 49.74% of the company’s stock.

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

JD.Com Inc (NASDAQ:JD) traded up 0.38% during mid-day trading on Monday, reaching $31.68. 2,434,543 shares of the company traded hands. The company’s market capitalization is $44.93 billion. JD.Com Inc has a 52-week low of $19.51 and a 52-week high of $32.47. The stock has a 50 day moving average price of $30.05 and a 200-day moving average price of $27.22.

JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, March 2nd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.12. The company earned $80.25 billion during the quarter, compared to analysts’ expectations of $76.30 billion. JD.Com had a negative return on equity of 28.18% and a negative net margin of 4.18%. JD.Com’s revenue for the quarter was up 47.0% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. Analysts expect that JD.Com Inc will post $0.24 EPS for the current fiscal year.

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Several equities research analysts have issued reports on JD shares. Vetr downgraded shares of JD.Com from a “strong-buy” rating to a “buy” rating and set a $28.94 price objective for the company. in a research note on Wednesday, January 4th. Brean Capital reiterated a “buy” rating on shares of JD.Com in a research note on Tuesday, December 13th. Evercore ISI started coverage on shares of JD.Com in a research note on Tuesday, December 20th. They set a “buy” rating and a $33.00 price objective for the company. Jefferies Group LLC reiterated a “buy” rating and set a $32.50 price objective on shares of JD.Com in a research note on Wednesday, January 11th. Finally, Goldman Sachs Group Inc boosted their price objective on shares of JD.Com from $31.50 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.97.

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.

5 Day Chart for NASDAQ:JD

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