Hexavest Inc. trimmed its position in shares of JD.Com Inc (NASDAQ:JD) by 24.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,789 shares of the information services provider’s stock after selling 8,139 shares during the quarter. Hexavest Inc.’s holdings in JD.Com were worth $1,924,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FNY Investment Advisers LLC boosted its position in JD.Com by 361.8% during the third quarter. FNY Investment Advisers LLC now owns 29,233 shares of the information services provider’s stock worth $2,268,000 after purchasing an additional 22,903 shares in the last quarter. Global Retirement Partners LLC boosted its position in JD.Com by 10.3% during the third quarter. Global Retirement Partners LLC now owns 3,289 shares of the information services provider’s stock worth $255,000 after purchasing an additional 307 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in JD.Com by 41.2% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 234,497 shares of the information services provider’s stock worth $18,199,000 after purchasing an additional 68,421 shares in the last quarter. Larson Financial Group LLC boosted its position in JD.Com by 238.8% during the third quarter. Larson Financial Group LLC now owns 3,540 shares of the information services provider’s stock worth $275,000 after purchasing an additional 2,495 shares in the last quarter. Finally, QP Wealth Management LLC purchased a new stake in JD.Com during the third quarter worth $239,000. Institutional investors own 42.49% of the company’s stock.
Several analysts have recently issued reports on JD shares. Mizuho upped their price objective on JD.Com from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Zacks Investment Research upgraded JD.Com from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a research report on Tuesday, July 21st. BidaskClub upgraded JD.Com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Bank of America upgraded JD.Com to a “buy” rating and upped their price objective for the company from $73.00 to $85.00 in a research report on Wednesday, August 19th. Finally, Goldman Sachs Group upped their price objective on JD.Com from $73.00 to $85.00 in a research report on Tuesday, August 18th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.43.
Shares of NASDAQ:JD opened at $81.10 on Thursday. The stock has a market capitalization of $118.31 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. JD.Com Inc has a 1-year low of $29.74 and a 1-year high of $86.58. The company’s fifty day moving average is $77.44 and its two-hundred day moving average is $60.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 1.20.
JD.Com (NASDAQ:JD) last issued its earnings results on Monday, August 17th. The information services provider reported $3.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $3.23. The company had revenue of $201.10 billion for the quarter, compared to analysts’ expectations of $190.02 billion. JD.Com had a net margin of 3.34% and a return on equity of 9.53%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.30 earnings per share. Sell-side analysts expect that JD.Com Inc will post 1.2 EPS for the current fiscal year.
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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