Pictet Asset Management Ltd. raised its position in JD.com, Inc. (NASDAQ:JD) by 22.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,687,036 shares of the information services provider’s stock after purchasing an additional 668,150 shares during the period. Pictet Asset Management Ltd. owned about 0.26% of JD.com worth $140,844,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of JD. Teachers Advisors LLC lifted its position in shares of JD.com by 5.9% in the first quarter. Teachers Advisors LLC now owns 297,532 shares of the information services provider’s stock valued at $9,256,000 after acquiring an additional 16,600 shares in the last quarter. Vanguard Group Inc. lifted its position in JD.com by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock worth $108,351,000 after buying an additional 46,530 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of JD.com by 1.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 81,264 shares of the information services provider’s stock valued at $2,528,000 after buying an additional 1,508 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of JD.com in the second quarter valued at about $8,236,000. Finally, Daiwa SB Investments Ltd. acquired a new stake in shares of JD.com in the second quarter valued at about $1,463,000. 46.62% of the stock is currently owned by institutional investors.
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A number of equities research analysts have weighed in on the company. Nomura raised their price objective on JD.com from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company raised their price target on JD.com from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley downgraded JD.com from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $50.00 to $52.00 in a research note on Tuesday. KeyCorp set a $51.00 target price on JD.com and gave the company a “buy” rating in a research note on Monday. Finally, BidaskClub upgraded JD.com from a “sell” rating to a “hold” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. JD.com currently has an average rating of “Buy” and a consensus target price of $45.76.
JD.com, Inc. (JD) opened at $38.90 on Wednesday. JD.com, Inc. has a 12 month low of $25.25 and a 12 month high of $48.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.91.
JD.com (NASDAQ:JD) last released its quarterly earnings data on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $93.20 billion for the quarter, compared to analyst estimates of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The company’s revenue was up 43.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. equities research analysts predict that JD.com, Inc. will post -0.04 earnings per share for the current year.
JD.com Company Profile
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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