Ameriprise Financial Inc. grew its stake in shares of JD.com, Inc. (NASDAQ:JD) by 38.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,396,086 shares of the information services provider’s stock after purchasing an additional 662,732 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.17% of JD.com worth $93,974,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JD. BlackRock Inc. grew its holdings in shares of JD.com by 4,150.5% during the first quarter. BlackRock Inc. now owns 30,769,880 shares of the information services provider’s stock valued at $957,254,000 after purchasing an additional 30,045,963 shares during the last quarter. FMR LLC grew its holdings in shares of JD.com by 120.5% during the first quarter. FMR LLC now owns 42,279,006 shares of the information services provider’s stock valued at $1,315,300,000 after purchasing an additional 23,104,318 shares during the last quarter. Tybourne Capital Management HK Ltd. grew its holdings in shares of JD.com by 81.3% during the first quarter. Tybourne Capital Management HK Ltd. now owns 15,161,669 shares of the information services provider’s stock valued at $471,680,000 after purchasing an additional 6,797,369 shares during the last quarter. FIL Ltd grew its holdings in shares of JD.com by 276.4% during the first quarter. FIL Ltd now owns 7,243,232 shares of the information services provider’s stock valued at $225,337,000 after purchasing an additional 5,318,877 shares during the last quarter. Finally, OZ Management LP grew its holdings in shares of JD.com by 25.8% during the first quarter. OZ Management LP now owns 15,906,625 shares of the information services provider’s stock valued at $494,855,000 after purchasing an additional 3,263,730 shares during the last quarter. 46.43% of the stock is owned by institutional investors.

JD has been the subject of several recent research reports. HSBC Holdings plc reaffirmed a “buy” rating and set a $49.00 target price on shares of JD.com in a report on Tuesday, August 15th. Instinet reiterated a “buy” rating and set a $55.00 price objective (up from $46.00) on shares of JD.com in a research report on Tuesday, August 15th. BidaskClub downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. Bank of America Corporation reiterated a “buy” rating and set a $53.00 price objective (up from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. Finally, Vetr upgraded JD.com from a “hold” rating to a “buy” rating and set a $42.50 price objective for the company in a research report on Tuesday, May 23rd. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $43.02.

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Shares of JD.com, Inc. (JD) opened at 44.91 on Monday. The firm has a 50-day moving average price of $43.54 and a 200-day moving average price of $38.60. JD.com, Inc. has a 52-week low of $23.38 and a 52-week high of $48.99. The firm’s market capitalization is $63.92 billion.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The business had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. JD.com’s revenue was up 43.6% compared to the same quarter last year. On average, equities research analysts anticipate that JD.com, Inc. will post $0.46 EPS for the current year.

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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