Korea Investment CORP lessened its holdings in shares of JD.Com Inc (NASDAQ:JD) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 537,800 shares of the information services provider’s stock after selling 28,700 shares during the quarter. Korea Investment CORP’s holdings in JD.Com were worth $20,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its position in JD.Com by 6.1% during the second quarter. BlackRock Inc. now owns 31,710,484 shares of the information services provider’s stock worth $1,235,123,000 after buying an additional 1,825,484 shares during the last quarter. OppenheimerFunds Inc. increased its position in JD.Com by 63.5% during the first quarter. OppenheimerFunds Inc. now owns 16,877,213 shares of the information services provider’s stock worth $683,359,000 after buying an additional 6,551,633 shares during the last quarter. FIL Ltd increased its position in JD.Com by 23.2% during the first quarter. FIL Ltd now owns 7,570,653 shares of the information services provider’s stock worth $306,536,000 after buying an additional 1,427,351 shares during the last quarter. Artisan Partners Limited Partnership increased its position in JD.Com by 6.5% during the second quarter. Artisan Partners Limited Partnership now owns 6,102,906 shares of the information services provider’s stock worth $237,708,000 after buying an additional 372,858 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in JD.Com by 28.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,868,639 shares of the information services provider’s stock worth $150,683,000 after buying an additional 862,880 shares during the last quarter. 51.18% of the stock is currently owned by hedge funds and other institutional investors.

JD.Com stock opened at $27.25 on Friday. JD.Com Inc has a 12 month low of $26.00 and a 12 month high of $50.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.66 and a current ratio of 0.99. The company has a market capitalization of $31.66 billion, a PE ratio of 2,725.00 and a beta of 1.39.

JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.35. The business had revenue of $122.30 billion during 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 for the quarter was up 31.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. analysts anticipate that JD.Com Inc will post 0.29 EPS for the current year.

Several equities analysts have recently commented on the company. Wells Fargo & Co reaffirmed a “buy” rating and issued a $53.00 target price on shares of JD.Com in a research report on Tuesday, June 19th. BNP Paribas assumed coverage on JD.Com in a research report on Thursday, June 14th. They issued a “hold” rating on the stock. ValuEngine raised JD.Com from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th. BidaskClub raised JD.Com from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. Finally, KeyCorp raised JD.Com to a “buy” rating and set a $51.00 target price on the stock in a research report on Monday, July 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. JD.Com has an average rating of “Hold” and a consensus price target of $45.52.

JD.Com Company 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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