CI Investments Inc. raised its position in shares of JD.com, Inc. (NASDAQ:JD) by 19.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 288,550 shares of the information services provider’s stock after purchasing an additional 47,000 shares during the period. CI Investments Inc.’s holdings in JD.com were worth $11,023,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Teachers Advisors LLC raised its position in shares of JD.com by 5.9% in the 1st quarter. Teachers Advisors LLC now owns 297,532 shares of the information services provider’s stock worth $9,256,000 after acquiring an additional 16,600 shares in the last quarter. Vanguard Group Inc. raised its position in shares of JD.com by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock worth $108,351,000 after acquiring an additional 46,530 shares in the last quarter. Bank of Montreal Can raised its position in shares of JD.com by 34.0% in the 2nd quarter. Bank of Montreal Can now owns 581,950 shares of the information services provider’s stock worth $22,823,000 after acquiring an additional 147,600 shares in the last quarter. Creative Planning raised its position in shares of JD.com by 47.2% in the 2nd quarter. Creative Planning now owns 22,055 shares of the information services provider’s stock worth $865,000 after acquiring an additional 7,073 shares in the last quarter. Finally, Advisors Capital Management LLC raised its position in shares of JD.com by 0.8% in the 2nd quarter. Advisors Capital Management LLC now owns 69,798 shares of the information services provider’s stock worth $2,737,000 after acquiring an additional 581 shares in the last quarter. 46.62% of the stock is owned by institutional investors and hedge funds.
JD has been the subject of several recent research reports. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $45.83 price target for the company in a research report on Friday, September 22nd. KeyCorp set a $49.00 target price on JD.com and gave the company a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley lowered JD.com from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $52.00 in a research report on Tuesday. Zacks Investment Research lowered JD.com from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a $49.00 target price on shares of JD.com in a research report on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.76.
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JD.com, Inc. (NASDAQ:JD) traded down $1.92 during midday trading on Tuesday, reaching $39.42. The company had a trading volume of 16,612,579 shares, compared to its average volume of 11,047,893. JD.com, Inc. has a 12 month low of $23.38 and a 12 month high of $48.99. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.35.
JD.com (NASDAQ:JD) last announced its earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The business had revenue of $93.20 billion during the quarter, compared to analysts’ expectations of $89.35 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’s revenue was up 43.6% compared to the same quarter last year. equities research analysts expect that JD.com, Inc. will post -0.04 EPS for the current year.
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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