ClariVest Asset Management LLC lifted its holdings in shares of JD.Com Inc (NASDAQ:JD) by 36.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 388,425 shares of the information services provider’s stock after buying an additional 103,325 shares during the period. ClariVest Asset Management LLC’s holdings in JD.Com were worth $15,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Neuburgh Advisers LLC bought a new stake in JD.Com during the second quarter worth approximately $102,000. Centaurus Financial Inc. bought a new stake in JD.Com during the first quarter worth approximately $114,000. Bronfman E.L. Rothschild L.P. raised its holdings in JD.Com by 521.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,836 shares of the information services provider’s stock worth $115,000 after purchasing an additional 2,380 shares in the last quarter. Legacy Advisors LLC raised its holdings in JD.Com by 200.0% during the second quarter. Legacy Advisors LLC now owns 3,000 shares of the information services provider’s stock worth $117,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in JD.Com by 69.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock worth $130,000 after purchasing an additional 1,375 shares in the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

NASDAQ JD opened at $31.00 on Friday. The firm has a market capitalization of $38.72 billion, a price-to-earnings ratio of 3,100.00, a P/E/G ratio of 4.82 and a beta of 1.49. JD.Com Inc has a 1 year low of $30.76 and a 1 year high of $50.68. The company has a current ratio of 0.99, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17.

JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. The company had revenue of $122.30 billion for the quarter, compared to analysts’ expectations of $122.78 billion. JD.Com had a negative return on equity of 0.94% and a negative net margin of 0.12%. The firm’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. analysts anticipate that JD.Com Inc will post 0.29 EPS for the current year.

Several equities research analysts recently commented on the company. Zacks Investment Research raised JD.Com from a “strong sell” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, August 22nd. TheStreet cut JD.Com from a “c” rating to a “d” rating in a report on Monday, August 20th. UBS Group dropped their price target on JD.Com from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Nomura dropped their price target on JD.Com from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, Benchmark dropped their price target on JD.Com from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.27.

JD.Com Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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

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