Seven Eight Capital LP grew its stake in shares of JD.com, Inc. (NASDAQ:JD) by 58.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,199 shares of the information services provider’s stock after acquiring an additional 41,500 shares during the period. Seven Eight Capital LP’s holdings in JD.com were worth $4,400,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Fiera Capital Corp purchased a new stake in shares of JD.com during the second quarter worth $307,000. Dai Ichi Life Insurance Company Ltd lifted its position in shares of JD.com by 11.5% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 200,323 shares of the information services provider’s stock worth $7,857,000 after acquiring an additional 20,710 shares in the last quarter. Bfsg LLC purchased a new stake in shares of JD.com during the second quarter worth $222,000. CI Investments Inc. lifted its position in shares of JD.com by 4.4% during the second quarter. CI Investments Inc. now owns 241,550 shares of the information services provider’s stock worth $9,474,000 after acquiring an additional 10,100 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of JD.com by 45.2% during the second quarter. Alliancebernstein L.P. now owns 101,392 shares of the information services provider’s stock worth $3,977,000 after acquiring an additional 31,561 shares in the last quarter. Hedge funds and other institutional investors own 46.43% of the company’s stock.
Shares of JD.com, Inc. (NASDAQ:JD) traded up 0.64% on Tuesday, hitting $42.31. The stock had a trading volume of 5,450,358 shares. JD.com, Inc. has a 12 month low of $23.38 and a 12 month high of $48.99. The stock’s market cap is $60.22 billion. The company has a 50 day moving average price of $43.59 and a 200-day moving average price of $38.28.
JD.com (NASDAQ:JD) last posted its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The firm had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. During the same period in the previous year, the firm posted $0.29 EPS. The business’s quarterly revenue was up 43.6% on a year-over-year basis. On average, equities research analysts anticipate that JD.com, Inc. will post $0.47 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of JD.com from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, May 16th. Vetr cut shares of JD.com from a “buy” rating to a “hold” rating and set a $42.50 price target on the stock. in a report on Wednesday, June 7th. HSBC Holdings plc reaffirmed a “buy” rating and issued a $49.00 price target on shares of JD.com in a report on Tuesday, August 15th. Instinet reaffirmed a “buy” rating on shares of JD.com in a report on Saturday, July 22nd. Finally, J P Morgan Chase & Co upped their price target on shares of JD.com to $55.00 and gave the stock a “positive” rating in a report on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $43.18.
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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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