Profund Advisors LLC Decreases Stake in JD.Com Inc (NASDAQ:JD)

Profund Advisors LLC reduced its holdings in JD.Com Inc (NASDAQ:JD) by 11.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,809 shares of the information services provider’s stock after selling 17,657 shares during the period. Profund Advisors LLC’s holdings in JD.Com were worth $4,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of JD. NEXT Financial Group Inc purchased a new position in JD.Com during the second quarter worth about $25,000. CWM LLC purchased a new position in JD.Com during the second quarter worth about $26,000. Ropes Wealth Advisors LLC purchased a new position in JD.Com during the second quarter worth about $30,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in JD.Com during the first quarter worth about $51,000. Finally, Rehmann Capital Advisory Group raised its stake in JD.Com by 233.6% during the first quarter. Rehmann Capital Advisory Group now owns 2,132 shares of the information services provider’s stock worth $64,000 after purchasing an additional 1,493 shares during the period. 50.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JD.Com stock traded down $0.22 on Friday, reaching $31.30. The company had a trading volume of 224,384 shares, compared to its average volume of 12,579,286. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91. The firm has a market cap of $37.95 billion, a PE ratio of -1,043.33 and a beta of 1.38. The firm’s 50 day moving average price is $29.86 and its two-hundred day moving average price is $29.16. JD.Com Inc has a 52-week low of $19.21 and a 52-week high of $32.38.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.18. The firm had revenue of $150.28 billion during the quarter, compared to analysts’ expectations of $147.44 billion. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. As a group, sell-side analysts predict that JD.Com Inc will post 0.77 EPS for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, August 20th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price (up from $36.00) on shares of JD.Com in a research note on Wednesday, August 14th. Stifel Nicolaus reaffirmed a “hold” rating and set a $35.00 target price on shares of JD.Com in a research note on Tuesday, August 13th. BidaskClub raised shares of JD.Com from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group initiated coverage on shares of JD.Com in a research note on Monday, August 5th. They set a “buy” rating and a $36.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.97.

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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