Tower Research Capital LLC TRC Has $570,000 Position in JD.com, Inc. (JD)
Tower Research Capital LLC TRC increased its stake in JD.com, Inc. (NASDAQ:JD) by 897.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,531 shares of the information services provider’s stock after purchasing an additional 13,074 shares during the quarter. Tower Research Capital LLC TRC’s holdings in JD.com were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Highstreet Asset Management Inc. purchased a new position in JD.com in the 2nd quarter worth about $127,000. IFP Advisors Inc grew its stake in JD.com by 585.2% during the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after acquiring an additional 4,184 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in JD.com by 7.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock valued at $202,000 after acquiring an additional 464 shares in the last quarter. Suntrust Banks Inc. purchased a new position in JD.com during the 2nd quarter valued at about $207,000. Finally, Bfsg LLC purchased a new position in JD.com during the 2nd quarter valued at about $222,000. 46.43% of the stock is currently owned by hedge funds and other institutional investors.
JD.com, Inc. (NASDAQ JD) traded down 0.6134% during midday trading on Monday, reaching $38.9993. The company had a trading volume of 5,336,608 shares. JD.com, Inc. has a 52-week low of $23.38 and a 52-week high of $48.99.
JD.com (NASDAQ:JD) last posted its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02. The firm had revenue of $93.20 billion during the quarter, compared to the consensus estimate of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The business’s revenue was up 43.6% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. On average, equities analysts forecast that JD.com, Inc. will post $0.45 EPS for the current year.
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Several equities analysts have weighed in on the company. Bank of America Corporation reaffirmed a “buy” rating and set a $53.00 target price (up previously from $46.00) on shares of JD.com in a research note on Wednesday, August 9th. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $45.83 target price on the stock in a research note on Friday, September 22nd. UBS AG reaffirmed a “neutral” rating and set a $41.00 target price on shares of JD.com in a research note on Monday, August 14th. J P Morgan Chase & Co lifted their target price on JD.com to $55.00 and gave the company a “positive” rating in a research note on Tuesday, August 15th. Finally, BidaskClub cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company’s stock. JD.com currently has an average rating of “Buy” and a consensus target price of $43.29.
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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