Mitsubishi UFJ Trust & Banking Corp lessened its stake in JD.Com Inc (NASDAQ:JD) by 76.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,552 shares of the information services provider’s stock after selling 934,710 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in JD.Com were worth $7,346,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JD. OppenheimerFunds Inc. grew its position in shares of JD.Com by 46.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 24,719,292 shares of the information services provider’s stock valued at $962,818,000 after buying an additional 7,842,079 shares during the last quarter. Vontobel Asset Management Inc. bought a new stake in shares of JD.Com in the 2nd quarter valued at about $268,795,000. BlackRock Inc. grew its position in shares of JD.Com by 6.1% in the 2nd quarter. BlackRock Inc. now owns 31,710,484 shares of the information services provider’s stock valued at $1,235,123,000 after buying an additional 1,825,484 shares during the last quarter. ARK Investment Management LLC grew its position in shares of JD.Com by 90.4% in the 3rd quarter. ARK Investment Management LLC now owns 3,363,496 shares of the information services provider’s stock valued at $87,754,000 after buying an additional 1,596,528 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of JD.Com by 1,413.4% in the 2nd quarter. SG Americas Securities LLC now owns 1,615,509 shares of the information services provider’s stock valued at $62,924,000 after buying an additional 1,508,761 shares during the last quarter. Hedge funds and other institutional investors own 47.24% of the company’s stock.
Shares of NASDAQ:JD opened at $20.93 on Friday. The stock has a market capitalization of $25.56 billion, a PE ratio of 2,093.00 and a beta of 1.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 0.90. JD.Com Inc has a 1 year low of $19.21 and a 1 year high of $50.68.
JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). JD.Com had a negative return on equity of 2.40% and a net margin of 0.31%. The firm had revenue of $104.77 billion for the quarter, compared to analyst estimates of $105.93 billion. During the same period last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, equities research analysts forecast that JD.Com Inc will post 0.02 EPS for the current fiscal year.
JD has been the topic of a number of analyst reports. Zacks Investment Research upgraded JD.Com from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, September 27th. CLSA downgraded JD.Com from an “outperform” rating to an “underperform” rating and set a $29.00 price objective on the stock. in a research note on Thursday, September 20th. Morgan Stanley reissued a “hold” rating and issued a $25.00 price objective on shares of JD.Com in a research note on Monday, September 17th. BidaskClub raised JD.Com from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, MKM Partners dropped their price objective on JD.Com to $41.00 and set a “buy” rating on the stock in a research note on Monday, September 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. JD.Com presently has an average rating of “Hold” and a consensus price target of $35.19.
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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 Mall 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; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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