USS Investment Management Ltd Buys Shares of 1,475,000 JD.Com Inc (NASDAQ:JD)

USS Investment Management Ltd bought a new stake in JD.Com Inc (NASDAQ:JD) during the second quarter, Holdings Channel.com reports. The firm bought 1,475,000 shares of the information services provider’s stock, valued at approximately $44,670,000.

A number of other hedge funds also recently bought and sold shares of JD. SeaBridge Investment Advisors LLC acquired a new position in JD.Com during the second quarter worth about $769,000. NEXT Financial Group Inc acquired a new position in JD.Com during the second quarter worth about $25,000. CWM Advisors LLC grew its holdings in JD.Com by 2.5% during the second quarter. CWM Advisors LLC now owns 16,930 shares of the information services provider’s stock worth $513,000 after acquiring an additional 407 shares during the period. Thoroughbred Financial Services LLC grew its holdings in JD.Com by 3,173.1% during the second quarter. Thoroughbred Financial Services LLC now owns 749,374 shares of the information services provider’s stock worth $74,937,000 after acquiring an additional 726,479 shares during the period. Finally, TB Alternative Assets Ltd. purchased a new position in JD.Com in the 2nd quarter worth about $2,490,000. Institutional investors own 48.77% of the company’s stock.

Shares of JD traded down $0.40 on Wednesday, reaching $30.02. 475,623 shares of the stock traded hands, compared to its average volume of 8,537,206. The stock’s 50-day moving average is $30.10. JD.Com Inc has a 12 month low of $19.21 and a 12 month high of $36.89. The firm has a market cap of $36.05 billion, a price-to-earnings ratio of -997.67 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.83.

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 return on equity of 0.46% and a net margin of 0.69%. The firm had revenue of $121.08 billion for the quarter, compared to analysts’ expectations of $120.01 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The business’s revenue was up 20.9% compared to the same quarter last year. As a group, equities research analysts anticipate that JD.Com Inc will post 0.51 earnings per share for the current year.

A number of brokerages recently weighed in on JD. Stifel Nicolaus reissued a “hold” rating and issued a $32.00 price target on shares of JD.Com in a research note on Friday, May 10th. TheStreet upgraded JD.Com from a “d+” rating to a “c” rating in a report on Friday, May 10th. Credit Suisse Group restated an “outperform” rating on shares of JD.Com in a report on Wednesday, July 17th. Morgan Stanley boosted their target price on JD.Com from $25.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, April 15th. Finally, China International Capital upgraded JD.Com to a “buy” rating in a report on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. JD.Com presently has a consensus rating of “Buy” and an average price target of $31.18.

About JD.Com

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

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