Fox Run Management L.L.C. lowered its position in JD.com, Inc. (NASDAQ:JD) by 65.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,000 shares of the information services provider’s stock after selling 19,300 shares during the period. Fox Run Management L.L.C.’s holdings in JD.com were worth $392,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of JD. Handelsbanken Fonder AB bought a new position in JD.com during the second quarter worth $8,236,000. Nomura Asset Management Co. Ltd. boosted its position in JD.com by 1.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 81,264 shares of the information services provider’s stock worth $2,528,000 after buying an additional 1,508 shares during the last quarter. Marianas Fund Management LLC boosted its position in JD.com by 142.2% in the first quarter. Marianas Fund Management LLC now owns 264,700 shares of the information services provider’s stock worth $8,235,000 after buying an additional 155,400 shares during the last quarter. Point72 Asset Management L.P. boosted its position in JD.com by 24.4% in the first quarter. Point72 Asset Management L.P. now owns 1,584,040 shares of the information services provider’s stock worth $49,279,000 after buying an additional 310,240 shares during the last quarter. Finally, Platinum Investment Management Ltd. boosted its position in JD.com by 22.7% in the first quarter. Platinum Investment Management Ltd. now owns 1,786,822 shares of the information services provider’s stock worth $55,588,000 after buying an additional 331,130 shares during the last quarter. 49.09% of the stock is owned by hedge funds and other institutional investors.

Shares of JD.com, Inc. (NASDAQ:JD) opened at 41.63 on Tuesday. JD.com, Inc. has a one year low of $21.22 and a one year high of $44.18.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Monday, May 8th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.13. JD.com had a negative net margin of 0.96% and a negative return on equity of 1.46%. The company had revenue of $76.20 billion during the quarter, compared to the consensus estimate of $73.59 billion. During the same period in the previous year, the firm earned ($0.15) earnings per share. JD.com’s revenue for the quarter was up 41.2% on a year-over-year basis. Equities research analysts predict that JD.com, Inc. will post $0.39 earnings per share for the current year.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of JD.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Vetr raised shares of JD.com from a “buy” rating to a “strong-buy” rating and set a $47.50 price objective for the company in a research report on Tuesday, June 27th. Instinet reaffirmed a “buy” rating and set a $37.00 price objective on shares of JD.com in a research report on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of JD.com in a research report on Wednesday, May 10th. Finally, Nomura reaffirmed a “buy” rating and set a $46.00 price objective on shares of JD.com in a research report on Tuesday, May 9th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. JD.com has a consensus rating of “Buy” and a consensus target price of $37.33.

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.

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

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