PNC Financial Services Group Inc. increased its stake in JD.Com Inc (NASDAQ:JD) by 12.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 149,019 shares of the information services provider’s stock after buying an additional 16,204 shares during the quarter. PNC Financial Services Group Inc.’s holdings in JD.Com were worth $3,887,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of JD. Cornerstone Wealth Management LLC purchased a new position in shares of JD.Com in the 2nd quarter worth about $454,000. Eqis Capital Management Inc. bought a new stake in JD.Com in the 2nd quarter valued at about $249,000. Commonwealth Equity Services LLC raised its stake in JD.Com by 45.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 107,250 shares of the information services provider’s stock valued at $4,177,000 after acquiring an additional 33,439 shares during the period. Aviva PLC raised its stake in JD.Com by 11.4% in the 2nd quarter. Aviva PLC now owns 187,105 shares of the information services provider’s stock valued at $7,288,000 after acquiring an additional 19,170 shares during the period. Finally, First Trust Advisors LP raised its stake in JD.Com by 7.3% in the 2nd quarter. First Trust Advisors LP now owns 1,035,825 shares of the information services provider’s stock valued at $40,345,000 after acquiring an additional 70,630 shares during the period. 47.24% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on the company. ValuEngine upgraded JD.Com from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded JD.Com from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research upgraded JD.Com from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Cowen restated a “neutral” rating on shares of JD.Com in a research note on Wednesday, November 21st. Finally, Benchmark lowered their price objective on JD.Com to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. JD.Com presently has an average rating of “Hold” and a consensus price target of $35.55.
Shares of JD opened at $21.23 on Friday. JD.Com Inc has a twelve month low of $19.21 and a twelve month high of $50.68. The stock has a market cap of $25.83 billion, a PE ratio of 2,123.00 and a beta of 1.37. The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15.
JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). JD.Com had a net margin of 0.31% and a negative return on equity of 2.40%. The company had revenue of $104.77 billion for the quarter, compared to the consensus estimate of $105.93 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. As a group, sell-side analysts predict that JD.Com Inc will post 0.02 earnings per share for the current fiscal year.
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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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