Pillar Pacific Capital Management LLC boosted its holdings in JD.Com Inc (NASDAQ:JD) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,421 shares of the information services provider’s stock after acquiring an additional 1,565 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in JD.Com were worth $4,223,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. NEXT Financial Group Inc purchased a new stake in JD.Com during the 2nd quarter valued at $25,000. CWM LLC purchased a new stake in JD.Com during the 2nd quarter valued at $26,000. Ropes Wealth Advisors LLC purchased a new stake in JD.Com during the 2nd quarter valued at $30,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in JD.Com during the 1st quarter valued at $51,000. Finally, Synovus Financial Corp raised its stake in JD.Com by 50.5% during the 1st quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock valued at $64,000 after buying an additional 720 shares during the last quarter. 47.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:JD traded down $0.72 during midday trading on Friday, hitting $28.77. The company had a trading volume of 19,861,973 shares, compared to its average volume of 17,037,228. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.91 and a quick ratio of 0.58. The company has a market cap of $35.51 billion, a price-to-earnings ratio of -959.00 and a beta of 1.42. JD.Com Inc has a 12-month low of $19.21 and a 12-month high of $32.99. The company has a fifty day moving average of $30.04 and a two-hundred day moving average of $28.59.
JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.05 by $0.18. The firm had revenue of $150.28 billion during the quarter, compared to analyst estimates of $147.44 billion. JD.Com had a return on equity of 7.72% and a net margin of 1.23%. JD.Com’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. Research analysts expect that JD.Com Inc will post 0.77 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on JD shares. JPMorgan Chase & Co. upgraded shares of JD.Com from a “neutral” rating to an “overweight” rating and set a $30.55 target price for the company in a research note on Tuesday, April 30th. Mizuho boosted their target price on shares of JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. TheStreet upgraded shares of JD.Com from a “d+” rating to a “c” rating in a research note on Friday, May 10th. Credit Suisse Group reiterated an “outperform” rating on shares of JD.Com in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $35.00 target price on shares of JD.Com in a research note on Tuesday, August 13th. Eleven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.82.
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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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