Zurich Insurance Group Ltd FI Acquires New Position in JD.com, Inc. (JD)
Zurich Insurance Group Ltd FI acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,094 shares of the information services provider’s stock, valued at approximately $1,572,000.
Other hedge funds have also recently bought and sold shares of the company. Highstreet Asset Management Inc. purchased a new stake in JD.com during the second quarter valued at about $127,000. IFP Advisors Inc lifted its stake in JD.com by 585.2% during the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after buying an additional 4,184 shares in the last quarter. Suntrust Banks Inc. purchased a new stake in JD.com during the second quarter valued at about $207,000. Bfsg LLC purchased a new stake in JD.com during the second quarter valued at about $222,000. Finally, Dimension Capital Management Partners purchased a new stake in JD.com during the second quarter valued at about $224,000. 46.43% of the stock is owned by institutional investors.
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JD.com, Inc. (JD) opened at 39.24 on Friday. JD.com, Inc. has a 12-month low of $23.38 and a 12-month high of $48.99.
JD.com (NASDAQ:JD) last released 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. The firm had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The business’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. On average, analysts anticipate that JD.com, Inc. will post $0.45 EPS for the current fiscal year.
JD has been the subject of a number of analyst reports. MKM Partners raised shares of JD.com from a “neutral” rating to a “buy” rating and upped 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. Zacks Investment Research lowered shares of JD.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co upped their price objective on shares of JD.com to $55.00 and gave the company a “positive” rating in a research note on Tuesday, August 15th. Vetr lowered shares of JD.com from a “buy” rating to a “hold” rating and set a $44.29 price objective for the company. in a research note on Wednesday, September 13th. Finally, Instinet reaffirmed a “buy” rating on shares of JD.com in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $43.29.
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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