Emory University Takes $5.15 Million Position in JD.Com Inc (JD)
Emory University purchased a new stake in shares of JD.Com Inc (NASDAQ:JD) in the 4th quarter, HoldingsChannel reports. The firm purchased 124,440 shares of the information services provider’s stock, valued at approximately $5,154,000. JD.Com makes up 4.4% of Emory University’s portfolio, making the stock its 2nd largest holding.
A number of other hedge funds and other institutional investors have also bought and sold shares of JD. Nationwide Fund Advisors boosted its position in JD.Com by 94.7% during the third quarter. Nationwide Fund Advisors now owns 64,767 shares of the information services provider’s stock valued at $2,474,000 after buying an additional 31,500 shares during the period. Aperio Group LLC boosted its position in JD.Com by 9.4% during the third quarter. Aperio Group LLC now owns 200,956 shares of the information services provider’s stock valued at $7,677,000 after buying an additional 17,287 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in JD.Com by 41.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,785 shares of the information services provider’s stock valued at $412,000 after buying an additional 3,154 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in JD.Com during the third quarter valued at about $1,627,000. Finally, Westpac Banking Corp purchased a new stake in JD.Com during the third quarter valued at about $1,965,000. Institutional investors and hedge funds own 44.78% of the company’s stock.
JD has been the subject of several recent analyst reports. BidaskClub raised shares of JD.Com from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. KeyCorp set a $51.00 price objective on shares of JD.Com and gave the company a “buy” rating in a research note on Monday, November 13th. Morgan Stanley downgraded shares of JD.Com from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $50.00 to $52.00 in a research note on Tuesday, November 14th. Wells Fargo & Co upped their price objective on shares of JD.Com from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Finally, Nomura upped their price objective on shares of JD.Com from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. JD.Com currently has a consensus rating of “Buy” and a consensus price target of $48.59.
JD.Com (NASDAQ:JD) last released its quarterly earnings results on Friday, March 2nd. The information services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.06). JD.Com had a positive return on equity of 0.83% and a negative net margin of 0.29%. The company had revenue of $110,165.33 billion during the quarter, compared to the consensus estimate of $108.88 billion. During the same period in the previous year, the company earned ($0.40) earnings per share. JD.Com’s quarterly revenue was up 38.7% on a year-over-year basis. analysts anticipate that JD.Com Inc will post 0.33 EPS for the current year.
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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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