Wafra Investment Advisory Group Inc. NY maintained its stake in JD.com, Inc. (NASDAQ:JD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,504 shares of the information services provider’s stock at the close of the second quarter. Wafra Investment Advisory Group Inc. NY’s holdings in JD.com were worth $569,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of JD. Tower Research Capital LLC TRC lifted its stake in JD.com by 897.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,531 shares of the information services provider’s stock worth $570,000 after purchasing an additional 13,074 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in JD.com by 16.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 116,623 shares of the information services provider’s stock worth $4,574,000 after purchasing an additional 16,401 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in JD.com by 43.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,081 shares of the information services provider’s stock worth $1,847,000 after purchasing an additional 14,277 shares in the last quarter. Janus Henderson Group PLC purchased a new position in JD.com in the 2nd quarter worth approximately $1,371,000. Finally, Shelton Capital Management lifted its stake in JD.com by 10.0% in the 2nd quarter. Shelton Capital Management now owns 69,220 shares of the information services provider’s stock worth $2,715,000 after purchasing an additional 6,280 shares in the last quarter. 46.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JD.com, Inc. (NASDAQ JD) traded down 0.12% during midday trading on Wednesday, reaching $40.12. 5,244,426 shares of the company were exchanged. The stock’s 50-day moving average price is $41.49 and its 200-day moving average price is $39.89. JD.com, Inc. has a 52-week low of $23.38 and a 52-week high of $48.99. The company’s market capitalization is $57.10 billion.
JD.com (NASDAQ:JD) last posted its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 company 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 firm posted $0.29 EPS. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. Analysts anticipate that JD.com, Inc. will post $0.45 EPS for the current year.
Several analysts have recently commented on JD shares. MKM Partners raised shares of JD.com from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $51.00 in a research report on Wednesday, August 23rd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. J P Morgan Chase & Co lifted their target price on shares of JD.com to $55.00 and gave the company a “positive” rating in a report on Tuesday, August 15th. Vetr downgraded shares of JD.com from a “buy” rating to a “hold” rating and set a $44.29 target price for the company. in a report on Wednesday, September 13th. Finally, Instinet reiterated a “buy” rating on shares of JD.com in a report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.97.
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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