Alliancebernstein L.P. reduced its stake in shares of JD.com, Inc. (NASDAQ:JD) by 55.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,831 shares of the information services provider’s stock after selling 88,269 shares during the period. Alliancebernstein L.P.’s holdings in JD.com were worth $2,172,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of JD. Profund Advisors LLC raised its stake in shares of JD.com by 13.4% in the first quarter. Profund Advisors LLC now owns 135,374 shares of the information services provider’s stock valued at $4,211,000 after buying an additional 16,006 shares during the period. Fisher Asset Management LLC raised its stake in shares of JD.com by 1.3% in the first quarter. Fisher Asset Management LLC now owns 9,618,525 shares of the information services provider’s stock valued at $299,232,000 after buying an additional 127,893 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of JD.com during the first quarter valued at about $912,000. WCM Investment Management CA bought a new stake in shares of JD.com during the first quarter valued at about $2,650,000. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of JD.com by 18.8% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,393,257 shares of the information services provider’s stock valued at $36,853,000 after buying an additional 219,990 shares during the period. Hedge funds and other institutional investors own 49.09% of the company’s stock.
JD.com, Inc. (JD) opened at 42.01 on Monday. JD.com, Inc. has a 12 month low of $21.22 and a 12 month high of $44.18.
JD.com (NASDAQ:JD) last announced its earnings results on Monday, May 8th. The information services provider reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.13. The business had revenue of $76.20 billion for the quarter, compared to the consensus estimate of $73.59 billion. JD.com had a negative return on equity of 1.46% and a negative net margin of 0.96%. The company’s revenue was up 41.2% on a year-over-year basis. During the same period last year, the business posted ($0.15) EPS. Analysts predict that JD.com, Inc. will post $0.38 EPS for the current fiscal year.
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Several brokerages recently issued reports on JD. Vetr lowered shares of JD.com from a “buy” rating to a “hold” rating and set a $42.50 price objective on the stock. in a report on Wednesday, June 7th. Zacks Investment Research lowered shares of JD.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Cowen and Company boosted their price objective on shares of JD.com from $30.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Benchmark Co. restated a “buy” rating and issued a $48.00 price objective (up from $40.00) on shares of JD.com in a report on Tuesday, May 9th. Finally, Sanford C. Bernstein upgraded shares of JD.com from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $39.09 to $21.00 in a report on Tuesday, May 9th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.33.
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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