Fifth Third Bancorp increased its position in shares of JD.Com Inc (NASDAQ:JD) by 1,497.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,312 shares of the information services provider’s stock after purchasing an additional 4,042 shares during the quarter. Fifth Third Bancorp’s holdings in JD.Com were worth $113,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of JD. Scopia Capital Management LP increased its position in JD.Com by 7.6% during the 2nd quarter. Scopia Capital Management LP now owns 5,049,272 shares of the information services provider’s stock valued at $196,669,000 after purchasing an additional 358,042 shares during the period. East Coast Asset Management LLC. lifted its stake in JD.Com by 32.7% during the 2nd quarter. East Coast Asset Management LLC. now owns 440,105 shares of the information services provider’s stock valued at $17,142,000 after acquiring an additional 108,459 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of JD.Com by 95.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 29,869 shares of the information services provider’s stock worth $1,163,000 after purchasing an additional 14,591 shares during the period. Dimension Capital Management LLC raised its stake in shares of JD.Com by 510.3% during the 3rd quarter. Dimension Capital Management LLC now owns 34,893 shares of the information services provider’s stock worth $910,000 after purchasing an additional 29,176 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of JD.Com by 3.3% during the 3rd quarter. First Trust Advisors LP now owns 1,070,365 shares of the information services provider’s stock worth $27,926,000 after purchasing an additional 34,540 shares during the period. 47.24% of the stock is owned by institutional investors and hedge funds.
JD.Com stock traded down $0.52 during midday trading on Friday, reaching $22.88. The company’s stock had a trading volume of 10,019,400 shares, compared to its average volume of 17,214,875. JD.Com Inc has a fifty-two week low of $19.21 and a fifty-two week high of $50.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.57. The stock has a market cap of $28.52 billion, a PE ratio of 2,288.00 and a beta of 1.16.
JD.Com (NASDAQ:JD) last posted its earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The firm had revenue of $104.77 billion during the quarter, compared to analyst estimates of $105.93 billion. JD.Com had a net margin of 0.31% and a negative return on equity of 2.40%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 earnings per share. On average, research analysts expect that JD.Com Inc will post 0.02 earnings per share for the current fiscal year.
A number of research firms have weighed in on JD. Zacks Investment Research raised JD.Com from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut JD.Com from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Credit Suisse Group set a $31.00 price target on JD.Com and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Mizuho reissued a “neutral” rating and issued a $20.00 target price on shares of JD.Com in a research note on Thursday, December 13th. Finally, MKM Partners lowered their price target on JD.Com from $41.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, December 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.35.
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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