Leavell Investment Management Inc. bought a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,500 shares of the information services provider’s stock, valued at approximately $286,000.
Several other hedge funds and other institutional investors have also modified their holdings of JD. FIL Ltd boosted its stake in shares of JD.com by 36.1% during the 2nd quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock worth $386,713,000 after acquiring an additional 2,616,886 shares during the period. GQG Partners LLC bought a new stake in JD.com in the 2nd quarter valued at $85,822,000. BARING ASSET MANAGEMENT Ltd bought a new stake in JD.com in the 2nd quarter valued at $61,748,000. TB Alternative Assets Ltd. bought a new stake in JD.com in the 2nd quarter valued at $50,598,000. Finally, Ariose Capital Management Ltd bought a new stake in JD.com in the 2nd quarter valued at $47,005,000. Institutional investors own 46.62% of the company’s stock.
Several analysts recently issued reports on JD shares. MKM Partners upgraded JD.com from a “neutral” rating to a “buy” rating and boosted their price target for the company from $33.00 to $51.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. BidaskClub cut JD.com from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. UBS AG raised JD.com from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. KeyCorp set a $49.00 price objective on JD.com and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, J P Morgan Chase & Co lifted their price objective on JD.com to $55.00 and gave the company a “positive” rating in a report on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.76.
JD.com, Inc. (NASDAQ:JD) traded up $1.38 during trading on Tuesday, hitting $41.34. The stock had a trading volume of 43,667,300 shares, compared to its average volume of 11,047,893. JD.com, Inc. has a 12 month low of $23.38 and a 12 month high of $48.99. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.35.
JD.com (NASDAQ:JD) last issued its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The business had revenue of $93.20 billion during the quarter, compared to analysts’ expectations of $89.35 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 43.6% compared to the same quarter last year. research analysts forecast that JD.com, Inc. will post -0.04 EPS for the current year.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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