Swiss National Bank Sells 16,154 Shares of JD.Com Inc (NASDAQ:JD)

Swiss National Bank trimmed its stake in shares of JD.Com Inc (NASDAQ:JD) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,915,633 shares of the information services provider’s stock after selling 16,154 shares during the quarter. Swiss National Bank owned approximately 0.16% of JD.Com worth $58,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in JD.Com by 11.6% in the 1st quarter. BlackRock Inc. now owns 39,266,220 shares of the information services provider’s stock worth $1,183,877,000 after buying an additional 4,066,194 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of JD.Com by 82.4% in the 1st 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. Krane Funds Advisors LLC lifted its stake in shares of JD.Com by 10.9% in the 1st quarter. Krane Funds Advisors LLC now owns 3,318,275 shares of the information services provider’s stock valued at $100,046,000 after purchasing an additional 326,705 shares during the period. Kontiki Capital Management HK Ltd. lifted its stake in shares of JD.Com by 6.1% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,239,627 shares of the information services provider’s stock valued at $97,675,000 after purchasing an additional 185,500 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of JD.Com by 11.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,785,953 shares of the information services provider’s stock valued at $84,387,000 after purchasing an additional 278,001 shares during the period. Institutional investors and hedge funds own 47.99% of the company’s stock.

JD.Com stock opened at $31.70 on Tuesday. The firm has a market cap of $38.17 billion, a price-to-earnings ratio of -1,056.67 and a beta of 1.42. The stock has a fifty day simple moving average of $30.14 and a two-hundred day simple moving average of $28.48. JD.Com Inc has a 12 month low of $19.21 and a 12 month high of $33.60. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.19.

JD.Com (NASDAQ:JD) last posted its earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.18. The business had revenue of $150.28 billion during the quarter, compared to analyst estimates of $147.44 billion. JD.Com had a return on equity of 7.72% and a net margin of 1.23%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. On average, equities research analysts forecast that JD.Com Inc will post 0.77 EPS for the current fiscal year.

A number of research firms have recently commented on JD. Credit Suisse Group restated an “outperform” rating on shares of JD.Com in a research note on Wednesday, July 17th. Mizuho raised their target price on JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Stifel Nicolaus restated a “hold” rating and issued a $35.00 target price on shares of JD.Com in a research note on Tuesday, August 13th. Nomura raised JD.Com from a “neutral” rating to a “buy” rating and set a $29.81 price objective for the company in a research report on Wednesday, May 15th. Finally, TheStreet raised JD.Com from a “d+” rating to a “c” rating in a research report on Friday, May 10th. Eleven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. JD.Com has an average rating of “Buy” and an average target price of $32.82.

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

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