Mawer Investment Management Ltd. Has $148.66 Million Stake in JD.Com Inc (JD)
Mawer Investment Management Ltd. lifted its stake in JD.Com Inc (NASDAQ:JD) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,816,745 shares of the information services provider’s stock after acquiring an additional 144,345 shares during the period. Mawer Investment Management Ltd. owned approximately 0.32% of JD.Com worth $148,662,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Global X Management Co. LLC boosted its holdings in JD.Com by 58.0% in the first quarter. Global X Management Co. LLC now owns 420,308 shares of the information services provider’s stock valued at $17,018,000 after acquiring an additional 154,335 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in JD.Com by 23.8% during the first quarter. Wells Fargo & Company MN now owns 847,515 shares of the information services provider’s stock worth $34,316,000 after buying an additional 163,055 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in JD.Com by 26.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 125,680 shares of the information services provider’s stock worth $5,089,000 after buying an additional 25,984 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in JD.Com by 60.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 950,848 shares of the information services provider’s stock worth $38,500,000 after buying an additional 357,766 shares during the last quarter. Finally, Klingenstein Fields & Co. LLC bought a new position in JD.Com during the first quarter worth about $263,000. 51.45% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on JD. Wells Fargo & Co reaffirmed a “buy” rating and set a $53.00 price target on shares of JD.Com in a research report on Tuesday, June 19th. BNP Paribas began coverage on JD.Com in a research report on Thursday, June 14th. They set a “hold” rating on the stock. ValuEngine raised JD.Com from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th. BidaskClub raised JD.Com from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. Finally, KeyCorp raised JD.Com to a “buy” rating and set a $51.00 price target on the stock in a research report on Monday, July 9th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. JD.Com has a consensus rating of “Hold” and a consensus target price of $47.36.
JD.Com (NASDAQ:JD) last announced its earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.35. JD.Com had a return on equity of 3.62% and a net margin of 0.31%. The business had revenue of $122.30 billion for the quarter, compared to analyst estimates of $122.78 billion. During the same quarter last year, the firm earned $0.67 EPS. JD.Com’s revenue for the quarter was up 31.2% compared to the same quarter last year. research analysts forecast that JD.Com Inc will post 0.22 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 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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