Geode Capital Management LLC increased its stake in JD.Com Inc (NASDAQ:JD) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,618,530 shares of the information services provider’s stock after acquiring an additional 68,886 shares during the period. Geode Capital Management LLC owned about 0.11% of JD.Com worth $66,747,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Nationwide Fund Advisors boosted its position in JD.Com by 94.7% during the third quarter. Nationwide Fund Advisors now owns 64,767 shares of the information services provider’s stock valued at $2,474,000 after buying an additional 31,500 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in JD.Com by 41.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,785 shares of the information services provider’s stock valued at $412,000 after buying an additional 3,154 shares during the period. Stevens Capital Management LP boosted its position in JD.Com by 291.8% during the third quarter. Stevens Capital Management LP now owns 23,921 shares of the information services provider’s stock valued at $914,000 after buying an additional 17,815 shares during the period. Principal Financial Group Inc. boosted its position in JD.Com by 4,148.3% during the third quarter. Principal Financial Group Inc. now owns 924,822 shares of the information services provider’s stock valued at $35,328,000 after buying an additional 903,053 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in JD.Com during the third quarter valued at about $101,000. Institutional investors own 43.59% of the company’s stock.
JD has been the subject of several analyst reports. Morgan Stanley lowered shares of JD.Com from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $50.00 to $52.00 in a research report on Tuesday, November 14th. Wells Fargo & Co upped their price objective on shares of JD.Com from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Nomura upped their price objective on shares of JD.Com from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. JPMorgan Chase & Co. lowered their price objective on shares of JD.Com from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Finally, BidaskClub downgraded shares of JD.Com from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $48.44.
JD.Com (NASDAQ:JD) last released its quarterly earnings results on Friday, March 2nd. The information services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.06). JD.Com had a positive return on equity of 2.38% and a negative net margin of 0.05%. The company had revenue of $110,165.33 billion during the quarter, compared to the consensus estimate of $108.88 billion. During the same period in the previous year, the company earned ($0.40) earnings per share. JD.Com’s quarterly revenue was up 38.7% on a year-over-year basis. analysts anticipate that JD.Com Inc will post 0.25 EPS for the current 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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