JD.com, Inc. (JD) Stake Raised by Bank of New York Mellon Corp
Bank of New York Mellon Corp raised its position in JD.com, Inc. (NASDAQ:JD) by 29.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,445,005 shares of the information services provider’s stock after buying an additional 326,644 shares during the period. Bank of New York Mellon Corp’s holdings in JD.com were worth $56,674,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. IFP Advisors Inc increased its stake in shares of JD.com by 585.2% in the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after buying an additional 4,184 shares during the period. Greenleaf Trust purchased a new position in JD.com during the second quarter worth approximately $242,000. Envestnet Asset Management Inc. boosted its position 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 worth $202,000 after buying an additional 464 shares in the last quarter. Rehmann Capital Advisory Group purchased a new position in JD.com during the second quarter worth approximately $267,000. Finally, Acadian Asset Management LLC purchased a new position in JD.com during the second quarter worth approximately $280,000. Institutional investors own 46.26% of the company’s stock.
JD.com, Inc. (NASDAQ JD) opened at 41.99 on Friday. The stock’s 50 day moving average price is $43.67 and its 200-day moving average price is $37.79. JD.com, Inc. has a 52 week low of $23.38 and a 52 week high of $48.99. The company’s market capitalization is $59.76 billion.
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, meeting the consensus estimate of $0.02. The firm had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The business’s revenue was up 43.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. On average, equities research analysts predict that JD.com, Inc. will post $0.46 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. Bank of America Corporation reissued a “buy” rating and issued a $53.00 target price (up previously from $46.00) on shares of JD.com in a research note on Wednesday, August 9th. UBS AG reissued a “neutral” rating and issued a $41.00 target price on shares of JD.com in a research note on Monday, August 14th. J P Morgan Chase & Co increased their target price on JD.com to $55.00 and gave the company a “positive” rating in a research note on Tuesday, August 15th. BidaskClub cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Finally, HSBC Holdings plc reissued a “buy” rating and issued a $49.00 target price on shares of JD.com in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $43.18.
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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