Pictet Asset Management Ltd. reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 18.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,018,886 shares of the information services provider’s stock after selling 667,912 shares during the period. Pictet Asset Management Ltd.’s holdings in JD.com were worth $120,846,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JD. BlackRock Inc. raised its position in shares of JD.com by 4,150.5% in the first quarter. BlackRock Inc. now owns 30,769,880 shares of the information services provider’s stock valued at $957,254,000 after buying an additional 30,045,963 shares during the period. FMR LLC raised its position in shares of JD.com by 120.5% in the first quarter. FMR LLC now owns 42,279,006 shares of the information services provider’s stock valued at $1,315,300,000 after buying an additional 23,104,318 shares during the period. Tybourne Capital Management HK Ltd. raised its position in shares of JD.com by 81.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 15,161,669 shares of the information services provider’s stock valued at $471,680,000 after buying an additional 6,797,369 shares during the period. FIL Ltd raised its position in shares of JD.com by 276.4% in the first quarter. FIL Ltd now owns 7,243,232 shares of the information services provider’s stock valued at $225,337,000 after buying an additional 5,318,877 shares during the period. Finally, OZ Management LP raised its position in shares of JD.com by 25.8% in the first quarter. OZ Management LP now owns 15,906,625 shares of the information services provider’s stock valued at $494,855,000 after buying an additional 3,263,730 shares during the period. 49.20% of the stock is owned by institutional investors.

Shares of JD.com, Inc. (NASDAQ JD) opened at 46.40 on Monday. JD.com, Inc. has a 52-week low of $21.29 and a 52-week high of $46.85. The company’s market cap is $65.86 billion.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Monday, May 8th. The information services provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.13. The business had revenue of $76.20 billion during the quarter, compared to analysts’ expectations of $73.59 billion. JD.com had a negative net margin of 0.96% and a negative return on equity of 1.46%. The business’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period last year, the company posted ($0.15) earnings per share. Analysts anticipate that JD.com, Inc. will post $0.40 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on JD shares. Vetr raised shares of JD.com from a “hold” rating to a “buy” rating and set a $42.50 price target for the company in a report on Tuesday, May 23rd. Zacks Investment Research raised shares of JD.com from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, May 16th. Nomura reissued a “buy” rating and issued a $46.00 price target on shares of JD.com in a report on Tuesday, May 9th. Instinet reissued a “buy” rating on shares of JD.com in a report on Saturday, July 22nd. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on shares of JD.com from $38.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $37.33.

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

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