Ariose Capital Management Ltd bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,198,500 shares of the information services provider’s stock, valued at approximately $47,005,000. JD.com accounts for 15.4% of Ariose Capital Management Ltd’s investment portfolio, making the stock its 5th largest position. Ariose Capital Management Ltd owned 0.08% of JD.com at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in JD.com by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock worth $108,351,000 after buying an additional 46,530 shares during the last quarter. Russell Investments Group Ltd. raised its position in JD.com by 79.7% in the second quarter. Russell Investments Group Ltd. now owns 1,660,159 shares of the information services provider’s stock worth $65,106,000 after buying an additional 736,545 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in JD.com by 1.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 81,264 shares of the information services provider’s stock worth $2,528,000 after buying an additional 1,508 shares during the last quarter. BP PLC raised its position in JD.com by 18.0% in the first quarter. BP PLC now owns 464,046 shares of the information services provider’s stock worth $14,436,000 after buying an additional 70,841 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd raised its position in JD.com by 3.0% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 179,613 shares of the information services provider’s stock worth $5,588,000 after buying an additional 5,299 shares during the last quarter. Institutional investors and hedge funds own 48.97% of the company’s stock.

JD.com, Inc. (JD) traded down 2.85% on Friday, reaching $40.87. 15,744,883 shares of the company’s stock traded hands. JD.com, Inc. has a 52 week low of $23.38 and a 52 week high of $48.99.

JD.com (NASDAQ:JD) last announced its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $93.20 billion during 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 company’s revenue was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, equities research analysts expect that JD.com, Inc. will post $0.46 earnings per share for the current year.

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A number of equities analysts have commented on the stock. Instinet reaffirmed a “buy” rating and set a $37.00 target price on shares of JD.com in a research note on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of JD.com in a research note on Wednesday, May 10th. Nomura reaffirmed a “buy” rating and set a $46.00 target price on shares of JD.com in a research note on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) lifted their target price on shares of JD.com from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, Benchmark Co. reaffirmed a “buy” rating and set a $48.00 target price (up from $40.00) on shares of JD.com in a research note on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. JD.com presently has a consensus rating of “Buy” and a consensus target price of $43.18.

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

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