BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of JD.com, Inc. (NASDAQ:JD) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,900 shares of the information services provider’s stock after selling 4,700 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in JD.com were worth $5,801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in JD.com by 585.2% in 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. Envestnet Asset Management Inc. raised its stake in JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock valued at $202,000 after buying an additional 464 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in JD.com during the first quarter valued at approximately $242,000. Greenleaf Trust acquired a new stake in JD.com during the second quarter valued at approximately $242,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in JD.com by 46.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,042 shares of the information services provider’s stock valued at $250,000 after buying an additional 2,542 shares in the last quarter. 48.97% of the stock is owned by institutional investors.

JD.com, Inc. (NASDAQ:JD) opened at 40.13 on Monday. JD.com, Inc. has a 1-year low of $23.38 and a 1-year high of $48.99.

JD.com (NASDAQ:JD) last released its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The firm’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, equities research analysts predict that JD.com, Inc. will post $0.44 EPS for the current year.

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JD has been the topic of several research reports. J P Morgan Chase & Co increased their price target on shares of JD.com to $55.00 and gave the company a “positive” rating in a research report on Tuesday, August 15th. Vetr lowered shares of JD.com from a “buy” rating to a “hold” rating and set a $41.67 price target on the stock. in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) increased their price target on shares of JD.com from $38.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Instinet reiterated a “buy” rating on shares of JD.com in a research report on Saturday, July 22nd. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $53.00 price target (up from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.24.

About JD.com

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

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