JD.com, Inc. (JD) Stake Boosted by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 161.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,448 shares of the information services provider’s stock after acquiring an additional 21,865 shares during the period. Tudor Investment Corp ET AL’s holdings in JD.com were worth $1,390,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in JD.com by 4,150.5% during the first quarter. BlackRock Inc. now owns 30,769,880 shares of the information services provider’s stock valued at $957,254,000 after acquiring an additional 30,045,963 shares in the last quarter. Tybourne Capital Management HK Ltd. lifted its stake in JD.com by 81.3% in the 1st quarter. Tybourne Capital Management HK Ltd. now owns 15,161,669 shares of the information services provider’s stock worth $471,680,000 after purchasing an additional 6,797,369 shares in the last quarter. OZ Management LP lifted its stake in JD.com by 25.8% in the 1st quarter. OZ Management LP now owns 15,906,625 shares of the information services provider’s stock worth $494,855,000 after purchasing an additional 3,263,730 shares in the last quarter. FIL Ltd lifted its stake in JD.com by 36.1% in the 2nd quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock worth $386,713,000 after purchasing an additional 2,616,886 shares in the last quarter. Finally, GQG Partners LLC purchased a new stake in JD.com in the 2nd quarter worth $85,822,000. 46.43% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. J P Morgan Chase & Co raised their target price on shares of JD.com to $55.00 and gave the company a “positive” rating in a report on Tuesday, August 15th. BidaskClub downgraded shares of JD.com from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Instinet reiterated a “buy” rating on shares of JD.com in a research report on Saturday, July 22nd. Bank of America Corporation reiterated a “buy” rating and set a $53.00 price objective (up previously from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. Finally, Vetr cut shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $44.44 price objective for the company. in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. JD.com has a consensus rating of “Buy” and a consensus price target of $43.37.
Shares of JD.com, Inc. (NASDAQ:JD) opened at 38.83 on Wednesday. JD.com, Inc. has a 52 week low of $23.38 and a 52 week high of $48.99.
JD.com (NASDAQ:JD) last posted its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The company had revenue of $93.20 billion for the quarter, compared to analyst estimates of $89.35 billion. During the same period in the previous year, the business posted $0.29 EPS. JD.com’s revenue was up 43.6% on a year-over-year basis. On average, equities analysts predict that JD.com, Inc. will post $0.46 EPS for the current fiscal year.
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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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