British Airways Pensions Investment Management Ltd bought a new position in JD.com, Inc. (NASDAQ:JD) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 313,037 shares of the information services provider’s stock, valued at approximately $12,270,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. American International Group Inc. raised its position in JD.com by 0.4% in the first quarter. American International Group Inc. now owns 51,405 shares of the information services provider’s stock worth $1,599,000 after buying an additional 185 shares during the last quarter. Norinchukin Bank The raised its position in JD.com by 1.1% in the first quarter. Norinchukin Bank The now owns 20,976 shares of the information services provider’s stock worth $653,000 after buying an additional 229 shares during the last quarter. Allen Investment Management LLC raised its position in JD.com by 1.3% in the first quarter. Allen Investment Management LLC now owns 30,605 shares of the information services provider’s stock worth $952,000 after buying an additional 404 shares during the last quarter. Envestnet Asset Management Inc. raised its position in JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after buying an additional 464 shares during the last quarter. Finally, Jennison Associates LLC raised its position in JD.com by 4.6% in the first quarter. Jennison Associates LLC now owns 10,994 shares of the information services provider’s stock worth $342,000 after buying an additional 484 shares during the last quarter. 49.20% of the stock is currently owned by hedge funds and other institutional investors.

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

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A number of equities analysts recently weighed in on the company. Nomura reissued a “buy” rating and issued a $46.00 price target on shares of JD.com in a research note on Tuesday, May 9th. Benchmark Co. assumed coverage on JD.com in a research note on Tuesday, April 18th. They issued a “buy” rating and a $40.00 price target on the stock. Instinet reissued a “buy” rating and issued a $37.00 price target on shares of JD.com in a research note on Wednesday, May 10th. Vetr cut JD.com from a “strong-buy” rating to a “buy” rating and set a $36.18 price target on the stock. in a research note on Monday, April 10th. Finally, Cowen and Company lifted their price target on JD.com from $30.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 9th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target 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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