JD.Com Inc (JD) Holdings Decreased by Korea Investment CORP

Korea Investment CORP lowered its holdings in JD.Com Inc (NASDAQ:JD) by 7.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 498,500 shares of the information services provider’s stock after selling 39,300 shares during the quarter. Korea Investment CORP’s holdings in JD.Com were worth $13,006,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Miracle Mile Advisors LLC purchased a new position in shares of JD.Com during the 3rd quarter valued at about $2,505,000. Credit Suisse AG raised its holdings in shares of JD.Com by 46.1% during the 3rd quarter. Credit Suisse AG now owns 3,947,138 shares of the information services provider’s stock valued at $102,981,000 after buying an additional 1,245,046 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of JD.Com by 96.8% during the 3rd quarter. Trexquant Investment LP now owns 72,534 shares of the information services provider’s stock valued at $1,892,000 after buying an additional 35,669 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in shares of JD.Com during the 3rd quarter valued at about $809,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of JD.Com by 19.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 406,670 shares of the information services provider’s stock valued at $19,168,000 after buying an additional 65,000 shares in the last quarter. 48.72% of the stock is currently owned by hedge funds and other institutional investors.

JD opened at $21.23 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 0.90. JD.Com Inc has a 1 year low of $19.21 and a 1 year high of $50.68. The company has a market cap of $25.25 billion, a P/E ratio of 2,123.00 and a beta of 1.40.

JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.06). JD.Com had a negative return on equity of 2.40% and a net margin of 0.31%. 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 previous year, the business earned $1.52 earnings per share. JD.Com’s revenue was up 25.1% compared to the same quarter last year. Research analysts forecast that JD.Com Inc will post 0.02 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on JD shares. UBS Group decreased their price objective on JD.Com from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Nomura decreased their price objective on JD.Com from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Benchmark decreased their price objective on JD.Com from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Stifel Nicolaus decreased their price objective on JD.Com from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, KeyCorp decreased their price objective on JD.Com from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $35.55.

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JD.Com Company Profile

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.

Read More: Balance Sheet

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.Com Inc (NASDAQ:JD).

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

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