Nicholas Hoffman & Company LLC. purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,000 shares of the information services provider’s stock, valued at approximately $239,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in JD. BlackRock Inc. increased its position in JD.com by 8.8% during the first quarter. BlackRock Inc. now owns 45,440,552 shares of the information services provider’s stock worth $3,832,002,000 after buying an additional 3,657,052 shares during the last quarter. Genesis Investment Management LLP acquired a new position in JD.com during the second quarter worth approximately $242,791,000. ARK Investment Management LLC increased its position in JD.com by 184.0% during the first quarter. ARK Investment Management LLC now owns 4,651,745 shares of the information services provider’s stock worth $392,282,000 after buying an additional 3,013,962 shares during the last quarter. Nikko Asset Management Americas Inc. grew its position in shares of JD.com by 68.3% in the second quarter. Nikko Asset Management Americas Inc. now owns 4,949,733 shares of the information services provider’s stock valued at $395,533,000 after purchasing an additional 2,009,407 shares during the last quarter. Finally, Sculptor Capital LP grew its position in shares of JD.com by 233.2% in the first quarter. Sculptor Capital LP now owns 2,759,657 shares of the information services provider’s stock valued at $232,722,000 after purchasing an additional 1,931,536 shares during the last quarter. 37.10% of the stock is currently owned by hedge funds and other institutional investors.
JD has been the topic of several research reports. Zacks Investment Research downgraded JD.com from a “hold” rating to a “sell” rating in a research report on Friday, July 23rd. DZ Bank cut JD.com from a “buy” rating to a “sell” rating and set a $62.00 price target for the company. in a research note on Tuesday, July 27th. CLSA cut their price target on JD.com from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, August 24th. Benchmark cut their price target on JD.com from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, August 24th. Finally, Susquehanna Bancshares cut their price target on JD.com from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, May 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $100.70.
JD.com (NASDAQ:JD) last posted its quarterly earnings data on Sunday, August 22nd. The information services provider reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $2.58. The business had revenue of $253.80 billion during the quarter, compared to the consensus estimate of $247.94 billion. JD.com had a return on equity of 4.95% and a net margin of 4.23%. JD.com’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.51 earnings per share. Research analysts expect that JD.com, Inc. will post 0.77 earnings per share for the current fiscal year.
JD.com Company Profile
JD.com, Inc is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the JD Retail and New Businesses segments. The JD Retail segment offers online retail, online marketplace, and marketing services.
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