Rockefeller Capital Management L.P. bought a new stake in JD.Com Inc (NASDAQ:JD) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,401 shares of the information services provider’s stock, valued at approximately $133,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC lifted its position in JD.Com by 2,305.1% in the 4th quarter. Advisory Services Network LLC now owns 1,900 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 1,821 shares in the last quarter. Doyle Wealth Management bought a new position in shares of JD.Com during the 4th quarter valued at $42,000. AlphaMark Advisors LLC bought a new position in shares of JD.Com during the 4th quarter valued at $47,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of JD.Com during the 1st quarter valued at $51,000. Finally, Commonwealth Bank of Australia lifted its holdings in shares of JD.Com by 35.6% during the 4th quarter. Commonwealth Bank of Australia now owns 2,950 shares of the information services provider’s stock valued at $60,000 after buying an additional 774 shares during the period. Institutional investors own 48.55% of the company’s stock.
JD has been the topic of several research analyst reports. TheStreet cut JD.Com from a “c-” rating to a “d+” rating in a report on Monday, April 22nd. BidaskClub lowered JD.Com from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. JPMorgan Chase & Co. upgraded JD.Com from a “neutral” rating to an “overweight” rating and set a $30.55 price target for the company in a research note on Tuesday, April 30th. Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, March 27th. Finally, Macquarie set a $27.00 price target on shares of JD.Com and gave the company a “hold” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.22.
Shares of NASDAQ:JD opened at $27.54 on Friday. The company has a market cap of $32.80 billion, a PE ratio of -918.00 and a beta of 1.36. JD.Com Inc has a one year low of $19.21 and a one year high of $45.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.83.
JD.Com (NASDAQ:JD) last issued its earnings results on Friday, May 10th. The information services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.15. The business had revenue of $121.08 billion for the quarter, compared to analyst estimates of $120.01 billion. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. Sell-side analysts anticipate that JD.Com Inc will post 0.51 earnings per share for the current year.
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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 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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