JD.com, Inc. (JD) is TRG Investments LLC’s Largest Position

TRG Investments LLC maintained its stake in JD.com, Inc. (NASDAQ:JD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,800,067 shares of the information services provider’s stock at the end of the 2nd quarter. JD.com comprises about 57.0% of TRG Investments LLC’s holdings, making the stock its biggest holding. TRG Investments LLC’s holdings in JD.com were worth $502,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highstreet Asset Management Inc. purchased a new position in JD.com during the second quarter valued at approximately $127,000. IFP Advisors Inc lifted its holdings in JD.com by 585.2% during the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after purchasing an additional 4,184 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in JD.com by 7.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock valued at $202,000 after purchasing an additional 464 shares in the last quarter. Suntrust Banks Inc. purchased a new position in JD.com during the second quarter valued at approximately $207,000. Finally, Bfsg LLC purchased a new position in JD.com during the second quarter valued at approximately $222,000. 46.43% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on JD. BidaskClub cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. UBS AG reiterated a “neutral” rating and set a $41.00 price objective on shares of JD.com in a research report on Monday, August 14th. Bank of America Corporation reiterated a “buy” rating and set a $53.00 price objective (up previously from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. Vetr lowered shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $44.44 target price for the company. in a research note on Thursday, September 28th. Finally, Instinet reissued a “buy” rating and set a $55.00 target price (up from $46.00) on shares of JD.com in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. JD.com presently has a consensus rating of “Buy” and a consensus target price of $43.97.

Shares of JD.com, Inc. (JD) traded down 2.6282% on Thursday, hitting $38.5787. The stock had a trading volume of 9,951,550 shares. The firm has a 50 day moving average of $41.42 and a 200 day moving average of $39.89. The stock’s market cap is $54.91 billion. JD.com, Inc. has a 12 month low of $23.38 and a 12 month high of $48.99.

JD.com (NASDAQ:JD) last posted its earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. The company had revenue of $93.20 billion for 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%. JD.com’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. On average, equities analysts forecast that JD.com, Inc. will post $0.45 earnings per share for the current fiscal year.

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About JD.com

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.

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

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