Vishria Bird Financial Group LLC boosted its position in shares of JD.Com Inc (NASDAQ:JD) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,579 shares of the information services provider’s stock after buying an additional 9,364 shares during the quarter. JD.Com makes up 2.6% of Vishria Bird Financial Group LLC’s holdings, making the stock its 16th biggest position. Vishria Bird Financial Group LLC’s holdings in JD.Com were worth $2,653,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. purchased a new position in shares of JD.Com in the second quarter worth about $1,545,000. Handelsbanken Fonder AB purchased a new position in shares of JD.Com in the second quarter worth about $19,688,000. Xact Kapitalforvaltning AB lifted its stake in shares of JD.Com by 42.2% in the second quarter. Xact Kapitalforvaltning AB now owns 175,415 shares of the information services provider’s stock worth $5,313,000 after buying an additional 52,100 shares in the last quarter. Exane Derivatives lifted its stake in shares of JD.Com by 200.9% in the second quarter. Exane Derivatives now owns 6,985 shares of the information services provider’s stock worth $211,000 after buying an additional 4,664 shares in the last quarter. Finally, Hexavest Inc. purchased a new position in shares of JD.Com in the second quarter worth about $1,919,000. Institutional investors own 48.77% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They issued a “buy” rating on the stock. TheStreet downgraded shares of USD Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 10th. Stifel Nicolaus set a $74.00 price target on shares of InterXion and gave the stock a “buy” rating in a research note on Friday, May 10th. CICC Research raised shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price target on the stock in a research note on Monday, May 13th. Finally, Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $31.18.
JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Friday, May 10th. The information services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. The business had revenue of $121.08 billion during the quarter, compared to analysts’ expectations of $120.01 billion. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Sell-side analysts predict that JD.Com Inc will post 0.51 EPS for the current fiscal year.
JD.Com Company Profile
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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