Deltec Asset Management LLC Acquires 76,700 Shares of JD.Com Inc (JD)
Deltec Asset Management LLC increased its stake in shares of JD.Com Inc (NASDAQ:JD) by 75.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,000 shares of the company’s stock after buying an additional 76,700 shares during the period. Deltec Asset Management LLC’s holdings in JD.Com were worth $3,800,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of JD. Orbis Allan Gray Ltd purchased a new position in JD.Com during the first quarter valued at $679,415,000. Dodge & Cox increased its position in JD.Com by 299.6% in the first quarter. Dodge & Cox now owns 29,396,436 shares of the company’s stock valued at $779,006,000 after buying an additional 22,040,700 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. increased its position in JD.Com by 351.0% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 7,815,227 shares of the company’s stock valued at $165,917,000 after buying an additional 6,082,227 shares in the last quarter. Fisher Asset Management LLC increased its position in JD.Com by 257.9% in the second quarter. Fisher Asset Management LLC now owns 8,120,703 shares of the company’s stock valued at $176,706,000 after buying an additional 5,851,457 shares in the last quarter. Finally, Scopia Capital Management LP purchased a new position in JD.Com during the first quarter valued at $151,984,000.
JD.Com Inc (NASDAQ:JD) traded down 0.77% during midday trading on Tuesday, hitting $25.85. The stock had a trading volume of 8,912,956 shares. The firm’s market cap is $37.31 billion. The stock has a 50-day moving average price of $24.91 and a 200 day moving average price of $24.35. JD.Com Inc has a one year low of $19.51 and a one year high of $33.48.
JD.Com (NASDAQ:JD) last posted its earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.32. The company earned $9.80 billion during the quarter, compared to analyst estimates of $9.81 billion. During the same quarter last year, the business posted ($0.01) EPS. JD.Com’s quarterly revenue was up 42.0% compared to the same quarter last year. On average, analysts predict that JD.Com Inc will post ($0.09) earnings per share for the current year.
A number of equities analysts have recently commented on the company. Vetr downgraded JD.Com from a “strong-buy” rating to a “buy” rating and set a $25.97 price objective for the company. in a research report on Wednesday, August 10th. T.H. Capital downgraded JD.Com from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Citigroup Inc. reissued a “buy” rating and set a $32.00 price objective (up from $31.00) on shares of JD.Com in a research report on Wednesday, August 10th. Jefferies Group boosted their price objective on JD.Com from $31.60 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Nomura set a $30.00 price objective on JD.Com and gave the stock a “buy” rating in a research report on Thursday, August 11th. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. JD.Com currently has a consensus rating of “Buy” and an average target price of $31.39.
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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