Breton Hill Capital Ltd. lessened its stake in JD.com, Inc. (NASDAQ:JD) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,495 shares of the information services provider’s stock after selling 2,532 shares during the quarter. Breton Hill Capital Ltd.’s holdings in JD.com were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also modified their holdings of JD. Bessemer Group Inc. purchased a new position in JD.com in the 3rd quarter worth about $101,000. Highstreet Asset Management Inc. purchased a new position in JD.com in the 2nd quarter worth about $127,000. IFP Advisors Inc raised its position in JD.com by 585.2% in the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after buying an additional 4,184 shares during the last quarter. Suntrust Banks Inc. purchased a new position in JD.com in the 2nd quarter worth about $207,000. Finally, Bfsg LLC purchased a new position in JD.com in the 2nd quarter worth about $222,000. 46.44% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on JD. Bank of America Corporation reissued a “buy” rating and issued a $53.00 target price (up previously from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. Vetr upgraded JD.com from a “hold” rating to a “buy” rating and set a $45.83 price target for the company in a research note on Friday, September 22nd. UBS AG restated a “neutral” rating and set a $41.00 price target on shares of JD.com in a research note on Monday, August 14th. BidaskClub downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Finally, J P Morgan Chase & Co boosted their price target 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, three have issued a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.23.
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Shares of JD.com, Inc. (NASDAQ JD) traded up $0.16 during trading hours on Friday, hitting $39.96. The company had a trading volume of 16,868,900 shares, compared to its average volume of 16,611,094. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.35. JD.com, Inc. has a 52 week low of $23.38 and a 52 week 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 (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. The company 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 firm’s revenue was up 43.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. sell-side analysts expect that JD.com, Inc. will post -0.04 earnings per share 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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