Tocqueville Asset Management L.P. reduced its stake in shares of JD.Com Inc (NASDAQ:JD) by 25.6% in the 2nd quarter, Holdings Channel reports. The fund owned 40,000 shares of the information services provider’s stock after selling 13,775 shares during the period. Tocqueville Asset Management L.P.’s holdings in JD.Com were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of JD.Com by 11.6% in the first quarter. BlackRock Inc. now owns 39,266,220 shares of the information services provider’s stock worth $1,183,877,000 after acquiring an additional 4,066,194 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in JD.Com by 82.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,517,827 shares of the information services provider’s stock valued at $106,062,000 after purchasing an additional 1,589,432 shares during the period. USS Investment Management Ltd purchased a new stake in JD.Com in the second quarter valued at $44,670,000. Acadian Asset Management LLC purchased a new stake in JD.Com in the first quarter valued at $39,375,000. Finally, Newport Asia LLC purchased a new stake in JD.Com in the first quarter valued at $51,912,000. Institutional investors own 48.93% of the company’s stock.
Shares of NASDAQ JD opened at $29.63 on Thursday. The business’s 50-day moving average is $30.05. The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.21. JD.Com Inc has a 1-year low of $19.21 and a 1-year high of $33.60. The stock has a market cap of $32.70 billion, a P/E ratio of -987.67 and a beta of 1.42.
JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The company had revenue of $150.28 billion for the quarter, compared to the consensus estimate of $147.44 billion. During the same quarter in the prior year, the business earned $0.33 EPS. JD.Com’s revenue was up 22.9% on a year-over-year basis. Analysts anticipate that JD.Com Inc will post 0.54 EPS for the current year.
A number of research firms have commented on JD. TheStreet upgraded JD.Com from a “d+” rating to a “c” rating in a research report on Friday, May 10th. Loop Capital began coverage on JD.Com in a research report on Monday, June 3rd. They issued a “buy” rating on the stock. Stifel Nicolaus restated a “hold” rating and issued a $35.00 target price on shares of JD.Com in a research report on Tuesday. Jefferies Financial Group began coverage on JD.Com in a research report on Monday, August 5th. They issued a “buy” rating and a $36.50 target price on the stock. Finally, Citigroup restated a “buy” rating and issued a $43.00 target price (up previously from $41.00) on shares of JD.Com in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.13.
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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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