Formula Growth Ltd. Has $2.80 Million Position in JD.com, Inc. (JD)
Formula Growth Ltd. boosted its holdings in JD.com, Inc. (NASDAQ:JD) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,347 shares of the information services provider’s stock after acquiring an additional 637 shares during the quarter. Formula Growth Ltd.’s holdings in JD.com were worth $2,798,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Highstreet Asset Management Inc. acquired a new position in JD.com in the second quarter valued at about $127,000. IFP Advisors Inc boosted its position in JD.com by 585.2% in the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after buying an additional 4,184 shares in the last quarter. Envestnet Asset Management Inc. boosted 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 valued at $202,000 after buying an additional 464 shares in the last quarter. Bfsg LLC acquired a new position in JD.com in the second quarter valued at about $222,000. Finally, Dimension Capital Management Partners acquired a new position in JD.com in the second quarter valued at about $224,000. 46.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of JD.com, Inc. (JD) traded down 1.42% during trading on Friday, reaching $42.37. 11,622,080 shares of the company traded hands. JD.com, Inc. has a 12-month low of $23.38 and a 12-month high of $48.99.
JD.com (NASDAQ:JD) last posted its earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The business had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. During the same period last year, the company earned $0.29 EPS. The firm’s revenue was up 43.6% compared to the same quarter last year. Equities research analysts forecast that JD.com, Inc. will post $0.46 EPS for the current fiscal year.
JD has been the topic of a number of research reports. Vetr upgraded shares of JD.com from a “hold” rating to a “buy” rating and set a $45.83 target price on the stock in a research report on Friday. Zacks Investment Research lowered shares of JD.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. HSBC Holdings plc reiterated a “buy” rating and set a $49.00 target price on shares of JD.com in a research report on Tuesday, August 15th. Instinet reiterated a “buy” rating on shares of JD.com in a research report on Saturday, July 22nd. Finally, J P Morgan Chase & Co upped their target price on shares of JD.com to $55.00 and gave the stock a “positive” rating in a research report on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $43.10.
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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