Cibc World Markets Corp purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 203,180 shares of the information services provider’s stock, valued at approximately $7,969,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JD. US Bancorp DE grew its holdings in JD.com by 16.8% during the 1st quarter. US Bancorp DE now owns 15,286 shares of the information services provider’s stock valued at $476,000 after purchasing an additional 2,203 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in JD.com by 4.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,118,361 shares of the information services provider’s stock valued at $34,792,000 after acquiring an additional 48,097 shares during the last quarter. Comerica Bank boosted its stake in JD.com by 1.1% during the 1st quarter. Comerica Bank now owns 70,594 shares of the information services provider’s stock valued at $2,492,000 after acquiring an additional 734 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in JD.com by 2.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,210,156 shares of the information services provider’s stock valued at $68,758,000 after acquiring an additional 44,490 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in JD.com by 64.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 265,154 shares of the information services provider’s stock valued at $8,249,000 after acquiring an additional 103,928 shares during the last quarter. 46.43% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on the stock. BidaskClub downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. UBS AG reiterated a “neutral” rating and set a $41.00 price objective on shares of JD.com in a research note on Monday, August 14th. Vetr downgraded shares of JD.com from a “buy” rating to a “hold” rating and set a $42.50 price objective on the stock. in a research note on Monday, May 29th. Bank of America Corporation reiterated a “buy” rating and set a $53.00 price objective (up from $46.00) on shares of JD.com in a research note on Wednesday, August 9th. Finally, MKM Partners upgraded shares of JD.com from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $51.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. JD.com has a consensus rating of “Buy” and a consensus target price of $43.10.

JD.com, Inc. (JD) opened at 42.37 on Monday. JD.com, Inc. has a 52-week low of $23.38 and a 52-week high of $48.99.

JD.com (NASDAQ:JD) last issued its earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The company had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. During the same quarter in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 43.6% compared to the same quarter last year. On average, equities analysts predict that JD.com, Inc. will post $0.46 EPS for the current year.

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JD.com 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.

Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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