BlackRock Inc. Has $849.22 Million Holdings in JD.Com Inc (JD)

BlackRock Inc. raised its position in shares of JD.Com Inc (NASDAQ:JD) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,549,805 shares of the information services provider’s stock after buying an additional 839,321 shares during the quarter. BlackRock Inc. owned 2.70% of JD.Com worth $849,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JD. OppenheimerFunds Inc. lifted its position in shares of JD.Com by 46.5% in the second quarter. OppenheimerFunds Inc. now owns 24,719,292 shares of the information services provider’s stock worth $962,818,000 after purchasing an additional 7,842,079 shares in the last quarter. Vontobel Asset Management Inc. purchased a new stake in shares of JD.Com in the second quarter worth approximately $268,795,000. ARK Investment Management LLC lifted its position in shares of JD.Com by 90.4% in the third quarter. ARK Investment Management LLC now owns 3,363,496 shares of the information services provider’s stock worth $87,754,000 after purchasing an additional 1,596,528 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of JD.Com by 1,413.4% in the second quarter. SG Americas Securities LLC now owns 1,615,509 shares of the information services provider’s stock worth $62,924,000 after purchasing an additional 1,508,761 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of JD.Com by 77.5% in the second quarter. Jennison Associates LLC now owns 3,121,613 shares of the information services provider’s stock worth $121,587,000 after purchasing an additional 1,363,201 shares in the last quarter. 48.72% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. TheStreet lowered shares of JD.Com from a “c” rating to a “d” rating in a research report on Monday, August 20th. Zacks Investment Research raised shares of JD.Com from a “strong sell” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, August 22nd. Benchmark reduced their price target on shares of JD.Com from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Stifel Nicolaus reduced their price target on shares of JD.Com from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Finally, KeyCorp reduced their price target on shares of JD.Com from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.55.

Shares of JD opened at $21.23 on Friday. The company has a market cap of $25.25 billion, a P/E ratio of 2,123.00 and a beta of 1.40. 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 twelve month low of $19.21 and a twelve month high of $50.68.

JD.Com (NASDAQ:JD) last issued its quarterly earnings data on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $104.77 billion for the quarter, compared to the consensus estimate of $105.93 billion. JD.Com had a net margin of 0.31% and a negative return on equity of 2.40%. JD.Com’s revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. Analysts predict that JD.Com Inc will post 0.02 earnings per share for the current year.

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JD.Com 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.

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

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