Candriam Luxembourg S.C.A. Lowers Position in JD.Com Inc (JD)
Candriam Luxembourg S.C.A. decreased its position in shares of JD.Com Inc (NASDAQ:JD) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,800 shares of the information services provider’s stock after selling 2,000 shares during the period. Candriam Luxembourg S.C.A.’s holdings in JD.Com were worth $492,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of JD. Hillhouse Capital Management Ltd. acquired a new position in JD.Com during the third quarter valued at approximately $2,991,374,000. Dodge & Cox acquired a new position in JD.Com during the fourth quarter valued at approximately $1,051,612,000. Viking Global Investors LP boosted its position in JD.Com by 38.3% in the fourth quarter. Viking Global Investors LP now owns 37,681,432 shares of the information services provider’s stock valued at $958,616,000 after buying an additional 10,427,102 shares during the period. FMR LLC boosted its stake in shares of JD.Com by 135.4% in the fourth quarter. FMR LLC now owns 19,174,688 shares of the information services provider’s stock valued at $487,804,000 after buying an additional 11,029,728 shares during the last quarter. Finally, Generation Investment Management LLP boosted its stake in shares of JD.Com by 12.6% in the third quarter. Generation Investment Management LLP now owns 12,612,903 shares of the information services provider’s stock valued at $329,071,000 after buying an additional 1,407,934 shares during the last quarter. 49.74% of the stock is owned by hedge funds and other institutional investors.
Shares of JD.Com Inc (NASDAQ:JD) opened at 41.30 on Friday. The firm’s market capitalization is $58.62 billion. The company’s 50-day moving average price is $35.12 and its 200-day moving average price is $29.71. JD.Com Inc has a 52-week low of $19.51 and a 52-week high of $41.30.
JD.Com (NASDAQ:JD) last announced its earnings results on Monday, May 8th. The information services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.13. JD.Com had a negative net margin of 4.18% and a negative return on equity of 28.18%. The firm had revenue of $76.20 billion for the quarter, compared to analyst estimates of $73.59 billion. During the same quarter in the prior year, the business posted ($0.15) EPS. The business’s revenue was up 41.2% compared to the same quarter last year. On average, equities research analysts expect that JD.Com Inc will post $0.37 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on JD shares. Vetr lowered JD.Com from a “buy” rating to a “hold” rating and set a $41.67 price objective for the company. in a report on Monday. Zacks Investment Research raised JD.Com from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday. Goldman Sachs Group Inc increased their price target on JD.Com from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Stifel Nicolaus increased their price target on JD.Com from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Finally, Sanford C. Bernstein raised JD.Com from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $39.09 to $21.00 in a research note on Tuesday, May 9th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. JD.Com has an average rating of “Buy” and an average target price of $36.32.
JD.Com Company Profile
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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