JD.Com Inc (NASDAQ:JD) Holdings Increased by Fifth Third Bancorp

Share on StockTwits

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.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Fairfield Current and is owned by of Fairfield Current. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.fairfieldcurrent.com/news/2019/01/11/jd-com-inc-jd-shares-bought-by-fifth-third-bancorp.html.

JD.Com Profile

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.

Recommended Story: Diversification Important in Investing

Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply