Summit Asset Management LLC cut its position in JD.Com Inc (NASDAQ:JD) by 23.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,039 shares of the information services provider’s stock after selling 6,900 shares during the period. Summit Asset Management LLC’s holdings in JD.Com were worth $664,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in JD. Renaissance Technologies LLC acquired a new stake in shares of JD.Com during the 3rd quarter worth $3,825,000. Legal & General Group Plc increased its holdings in JD.Com by 0.9% in the 3rd quarter. Legal & General Group Plc now owns 3,746,534 shares of the information services provider’s stock valued at $97,747,000 after purchasing an additional 31,914 shares in the last quarter. Morgan Stanley increased its holdings in JD.Com by 50.8% in the 3rd quarter. Morgan Stanley now owns 9,170,799 shares of the information services provider’s stock valued at $239,266,000 after purchasing an additional 3,088,098 shares in the last quarter. Vanguard Group Inc increased its holdings in JD.Com by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 27,469,471 shares of the information services provider’s stock valued at $716,678,000 after purchasing an additional 649,113 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in JD.Com in the 4th quarter valued at $382,000. Hedge funds and other institutional investors own 47.59% of the company’s stock.
NASDAQ JD traded up $0.07 during trading hours on Thursday, reaching $30.51. The company’s stock had a trading volume of 326,414 shares, compared to its average volume of 17,881,412. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. JD.Com Inc has a 52 week low of $19.21 and a 52 week high of $45.23. The stock has a market capitalization of $36.65 billion, a P/E ratio of -1,014.00 and a beta of 1.30.
JD.Com (NASDAQ:JD) last issued its earnings results on Thursday, February 28th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.08. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. The firm had revenue of $19.61 billion for the quarter, compared to analysts’ expectations of $19.34 billion. As a group, equities research analysts expect that JD.Com Inc will post 0.36 earnings per share for the current year.
A number of equities analysts have weighed in on JD shares. Zacks Investment Research raised shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Macquarie set a $22.00 price target on shares of JD.Com and gave the stock a “hold” rating in a research report on Friday, January 25th. UBS Group cut shares of JD.Com from a “buy” rating to a “neutral” rating in a research report on Thursday, January 31st. ValuEngine raised shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, BidaskClub raised shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.22.
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JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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