Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 218.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,593 shares of the information services provider’s stock after purchasing an additional 1,093 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in JD.com were worth $140,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in JD. Amundi Pioneer Asset Management Inc. bought a new position in JD.com in the 4th quarter worth about $363,739,000. TRG Investments LLC increased its stake in JD.com by 39.0% in the 4th quarter. TRG Investments LLC now owns 12,464,567 shares of the information services provider’s stock worth $1,095,636,000 after acquiring an additional 3,494,133 shares during the last quarter. FMR LLC increased its stake in JD.com by 20.7% in the 4th quarter. FMR LLC now owns 19,585,343 shares of the information services provider’s stock worth $1,721,552,000 after acquiring an additional 3,362,297 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in JD.com by 530.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,628,156 shares of the information services provider’s stock worth $231,015,000 after acquiring an additional 2,211,616 shares during the last quarter. Finally, Matthews International Capital Management LLC increased its stake in JD.com by 146.6% in the 4th quarter. Matthews International Capital Management LLC now owns 1,695,239 shares of the information services provider’s stock worth $149,012,000 after acquiring an additional 1,007,700 shares during the last quarter. Institutional investors own 40.27% of the company’s stock.
A number of equities analysts have weighed in on JD shares. Citigroup upped their target price on JD.com from $117.00 to $120.00 in a research note on Friday, March 12th. Loop Capital upped their price objective on JD.com from $99.00 to $105.00 in a report on Wednesday, December 9th. Zacks Investment Research cut JD.com from a “hold” rating to a “sell” rating in a report on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft assumed coverage on JD.com in a report on Monday, January 25th. They issued a “buy” rating and a $114.00 price objective for the company. Finally, Stifel Nicolaus upgraded JD.com from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Tuesday, January 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $98.30.
JD.com (NASDAQ:JD) last announced its earnings results on Thursday, March 11th. The information services provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $1.30. JD.com had a return on equity of 10.00% and a net margin of 4.14%. The firm had revenue of $224.33 billion during the quarter, compared to analyst estimates of $219.21 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The business’s revenue was up 31.4% compared to the same quarter last year. Sell-side analysts predict that JD.com, Inc. will post 1.27 earnings per share 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 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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