Quantbot Technologies LP Purchases 10,297 Shares of JD.com, Inc. (JD)
Quantbot Technologies LP increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 36.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,519 shares of the information services provider’s stock after acquiring an additional 10,297 shares during the period. Quantbot Technologies LP’s holdings in JD.com were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Highstreet Asset Management Inc. purchased a new stake in shares of JD.com during the second quarter worth $127,000. IFP Advisors Inc increased its position in JD.com by 585.2% during the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after buying an additional 4,184 shares during the last quarter. Envestnet Asset Management Inc. increased its position in JD.com by 7.7% during 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. Bfsg LLC acquired a new position in JD.com during the second quarter worth $222,000. Finally, Dimension Capital Management Partners acquired a new position in JD.com during the second quarter worth $224,000. Institutional investors and hedge funds own 46.43% of the company’s stock.
JD has been the topic of several analyst reports. J P Morgan Chase & Co increased 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. Instinet reissued a “buy” rating on shares of JD.com in a research report on Saturday, July 22nd. Bank of America Corporation reissued a “buy” rating and set a $53.00 target price (up from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Vetr raised shares of JD.com from a “buy” rating to a “strong-buy” rating and set a $47.50 target price on the stock in a research report on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $43.10.
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Shares of JD.com, Inc. (NASDAQ:JD) opened at 42.37 on Monday. JD.com, Inc. has a 12 month low of $23.38 and a 12 month high of $48.99.
JD.com (NASDAQ:JD) last issued its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. The company had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. JD.com’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. On average, equities analysts expect that JD.com, Inc. will post $0.46 earnings per share for the current fiscal year.
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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