Advisors Asset Management Inc. Buys 64,951 Shares of JD.Com Inc (JD)
Advisors Asset Management Inc. lifted its stake in JD.Com Inc (NASDAQ:JD) by 1,457.3% during the second quarter, Holdings Channel reports. The institutional investor owned 69,408 shares of the information services provider’s stock after acquiring an additional 64,951 shares during the quarter. Advisors Asset Management Inc.’s holdings in JD.Com were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of JD. East Coast Asset Management LLC. raised its holdings in shares of JD.Com by 32.7% during the second quarter. East Coast Asset Management LLC. now owns 440,105 shares of the information services provider’s stock valued at $17,142,000 after acquiring an additional 108,459 shares during the last quarter. Pittenger & Anderson Inc. acquired a new position in shares of JD.Com during the second quarter valued at approximately $1,110,000. Scopia Capital Management LP raised its holdings in shares of JD.Com by 7.6% during the second quarter. Scopia Capital Management LP now owns 5,049,272 shares of the information services provider’s stock valued at $196,669,000 after acquiring an additional 358,042 shares during the last quarter. Zurich Insurance Group Ltd FI raised its holdings in shares of JD.Com by 19.1% during the second quarter. Zurich Insurance Group Ltd FI now owns 56,937 shares of the information services provider’s stock valued at $2,218,000 after acquiring an additional 9,128 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in shares of JD.Com by 57.1% in the second quarter. Centaurus Financial Inc. now owns 4,417 shares of the information services provider’s stock valued at $172,000 after purchasing an additional 1,606 shares during the last quarter. Hedge funds and other institutional investors own 51.17% of the company’s stock.
JD has been the subject of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price target on shares of JD.Com in a report on Thursday, July 19th. Zacks Investment Research cut JD.Com from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. ValuEngine cut JD.Com from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. KeyCorp raised JD.Com to a “buy” rating and set a $51.00 price target for the company in a report on Monday, July 9th. Finally, CLSA cut JD.Com from an “outperform” rating to an “underperform” rating and set a $29.00 price target for the company. in a report on Thursday, September 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. JD.Com presently has a consensus rating of “Hold” and an average target price of $39.16.
JD.Com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.35. The company had revenue of $122.30 billion during the quarter, compared to analyst estimates of $122.78 billion. JD.Com had a negative return on equity of 0.96% and a negative net margin of 0.12%. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. Equities research analysts predict that JD.Com Inc will post 0.29 EPS for the current year.
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 Mall 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; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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