Macquarie Group Ltd. reduced its position in shares of JD.com (NASDAQ:JD) by 10.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,329,549 shares of the information services provider’s stock after selling 409,372 shares during the quarter. Macquarie Group Ltd. owned 0.23% of JD.com worth $132,466,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in JD.com during the third quarter valued at approximately $101,000. Truewealth LLC bought a new stake in JD.com in the fourth quarter worth $103,000. Delpha Capital Management LLC bought a new stake in JD.com in the fourth quarter worth $128,000. Northwestern Mutual Wealth Management Co. purchased a new position in JD.com during the fourth quarter worth $135,000. Finally, Advisor Group Inc. boosted its stake in JD.com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after buying an additional 2,907 shares during the period. 43.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:JD opened at $39.23 on Friday. JD.com has a 1 year low of $31.57 and a 1 year high of $50.68. The company has a market cap of $57,229.11, a PE ratio of 3,923.00, a price-to-earnings-growth ratio of 9.71 and a beta of 1.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.97.
JD.com (NASDAQ:JD) last posted its quarterly earnings data on Friday, March 2nd. The information services provider reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06). JD.com had a negative net margin of 0.05% and a positive return on equity of 2.38%. The firm had revenue of $110,165.33 billion during the quarter, compared to analyst estimates of $108.88 billion. During the same period in the prior year, the company posted ($0.40) earnings per share. The firm’s revenue for the quarter was up 38.7% compared to the same quarter last year. sell-side analysts expect that JD.com will post 0.18 EPS for the current fiscal year.
Several research analysts have commented on the stock. BidaskClub lowered shares of JD.com from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. Vetr lowered shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $51.52 price objective for the company. in a research note on Monday, January 8th. Zacks Investment Research lowered shares of JD.com from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Stifel Nicolaus reissued a “buy” rating on shares of JD.com in a research note on Friday, March 2nd. Finally, JPMorgan Chase lowered their target price on shares of JD.com from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $48.91.
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JD.com, Inc, through its subsidiaries, operates as an e-commerce company in the People's Republic of China. The company operates in two segments, JD Mall and New Businesses. It sells mobile handsets, consumer electronics products, and auto parts and accessories; home appliances; and general merchandise products directly to customers through its Website jd.com and mobile applications.
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