Qube Research & Technologies Ltd Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Qube Research & Technologies Ltd bought a new position in shares of JD.com, Inc. (NASDAQ:JDGet Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 285,069 shares of the information services provider’s stock, valued at approximately $16,497,000.

A number of other institutional investors also recently bought and sold shares of the company. Wetherby Asset Management Inc. boosted its position in JD.com by 0.9% during the fourth quarter. Wetherby Asset Management Inc. now owns 20,317 shares of the information services provider’s stock worth $1,424,000 after purchasing an additional 175 shares in the last quarter. Bellecapital International Ltd. lifted its position in JD.com by 0.9% during the first quarter. Bellecapital International Ltd. now owns 20,936 shares of the information services provider’s stock worth $1,212,000 after buying an additional 196 shares during the period. Pinnacle Associates Ltd. lifted its position in JD.com by 2.5% during the fourth quarter. Pinnacle Associates Ltd. now owns 8,135 shares of the information services provider’s stock worth $570,000 after buying an additional 200 shares during the period. Geneos Wealth Management Inc. lifted its position in JD.com by 4.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,701 shares of the information services provider’s stock worth $399,000 after buying an additional 233 shares during the period. Finally, Prospera Financial Services Inc lifted its position in JD.com by 5.1% during the first quarter. Prospera Financial Services Inc now owns 5,062 shares of the information services provider’s stock worth $293,000 after buying an additional 245 shares during the period. 31.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JD has been the topic of several recent analyst reports. Benchmark reduced their target price on JD.com from $117.00 to $106.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. StockNews.com upgraded JD.com from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. Citigroup upped their price target on JD.com from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, July 11th. JPMorgan Chase & Co. upgraded JD.com from an “underweight” rating to a “neutral” rating and increased their target price for the company from $40.00 to $58.00 in a research note on Monday, May 16th. Finally, Susquehanna Bancshares lowered their target price on JD.com from $66.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, May 19th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.57.

JD.com Stock Down 2.3 %

JD opened at $61.91 on Friday. JD.com, Inc. has a 12 month low of $41.56 and a 12 month high of $92.69. The stock has a market cap of $83.44 billion, a P/E ratio of -60.70 and a beta of 0.37. The stock’s 50 day moving average price is $61.90 and its 200 day moving average price is $62.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 1.01.

JD.com (NASDAQ:JDGet Rating) last issued its quarterly earnings results on Tuesday, May 17th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.10. JD.com had a positive return on equity of 3.95% and a negative net margin of 1.03%. The company had revenue of $239.66 billion for the quarter, compared to analysts’ expectations of $235.73 billion. During the same period last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, research analysts predict that JD.com, Inc. will post 1.34 earnings per share for the current year.

JD.com Dividend Announcement

The firm also recently announced a — dividend, which was paid on Tuesday, June 14th. Stockholders of record on Friday, May 20th were given a $1.26 dividend. The ex-dividend date was Thursday, May 19th.

About JD.com

(Get Rating)

JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, books, automobile accessories, apparel and footwear, bags, and jewelry.

See Also

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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