Yiheng Capital LLC Has $40.61 Million Holdings in JD.com, Inc. (JD)
Yiheng Capital LLC trimmed its stake in JD.com, Inc. (NASDAQ:JD) by 27.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,035,504 shares of the information services provider’s stock after selling 400,000 shares during the period. JD.com comprises about 14.2% of Yiheng Capital LLC’s investment portfolio, making the stock its 3rd biggest position. Yiheng Capital LLC’s holdings in JD.com were worth $40,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of JD. BlackRock Inc. increased its position 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 period. Tybourne Capital Management HK Ltd. raised its stake in shares of JD.com by 81.3% in 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 in the last quarter. OZ Management LP raised its stake in shares of JD.com by 25.8% in 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 in the last quarter. FIL Ltd raised its stake in shares of JD.com by 36.1% in the second quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock valued at $386,713,000 after purchasing an additional 2,616,886 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in shares of JD.com in the second quarter valued at $85,822,000. Institutional investors own 46.43% of the company’s stock.
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Shares of JD.com, Inc. (JD) traded down 1.8143% during midday trading on Wednesday, reaching $38.4986. 10,760,272 shares of the company’s stock were exchanged. JD.com, Inc. has a 12 month low of $23.38 and a 12 month high of $48.99.
JD.com (NASDAQ:JD) last announced its quarterly earnings data on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The business had revenue of $93.20 billion during the quarter, compared to the consensus estimate of $89.35 billion. During the same period in the prior year, the company earned $0.29 EPS. JD.com’s revenue for the quarter was up 43.6% on a year-over-year basis. Analysts predict that JD.com, Inc. will post $0.45 EPS for the current year.
Several research analysts recently issued reports on JD shares. Bank of America Corporation reissued a “buy” rating and issued a $53.00 price target (up previously from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $45.83 price objective on the stock in a report on Friday, September 22nd. BidaskClub downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. UBS AG reiterated a “neutral” rating and issued a $41.00 price objective on shares of JD.com in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co upped their price objective on JD.com to $55.00 and gave the company a “positive” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.37.
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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