FNY Investment Advisers LLC bought a new stake in shares of JD.com, Inc. (NASDAQ:JD – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,995 shares of the information services provider’s stock, valued at approximately $136,000.
Other large investors also recently bought and sold shares of the company. Coronation Fund Managers Ltd. boosted its stake in JD.com by 130.1% during the first quarter. Coronation Fund Managers Ltd. now owns 3,824,164 shares of the information services provider’s stock worth $167,843,000 after buying an additional 2,162,550 shares during the period. Price T Rowe Associates Inc. MD bought a new position in JD.com during the 1st quarter valued at about $56,120,000. Sculptor Capital LP purchased a new stake in JD.com in the 1st quarter worth about $71,389,000. OLP CAPITAL MANAGEMENT Ltd bought a new stake in JD.com in the fourth quarter worth about $68,015,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of JD.com during the first quarter valued at approximately $44,783,000. Institutional investors own 15.98% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of JD.com from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, August 17th. JPMorgan Chase & Co. dropped their price objective on JD.com from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, August 18th. Mizuho dropped their price target on JD.com from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 17th. Susquehanna cut their price target on JD.com from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 31st. Finally, Loop Capital lowered their price objective on shares of JD.com from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.64.
JD.com Stock Performance
Shares of JD.com stock traded down $0.15 on Friday, reaching $31.57. 7,347,428 shares of the stock were exchanged, compared to its average volume of 10,320,709. The business has a 50 day moving average price of $35.80 and a two-hundred day moving average price of $37.10. The firm has a market capitalization of $44.09 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 0.30 and a beta of 0.54. JD.com, Inc. has a twelve month low of $31.44 and a twelve month high of $67.10. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.11.
JD.com (NASDAQ:JD – Get Free Report) last posted its earnings results on Wednesday, August 16th. The information services provider reported $5.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.95 by $0.44. The company had revenue of $287.93 billion during the quarter, compared to the consensus estimate of $279.99 billion. JD.com had a net margin of 2.04% and a return on equity of 10.25%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Analysts anticipate that JD.com, Inc. will post 2.48 earnings per share for the current fiscal year.
JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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