Bank of New York Mellon Corp Increases Position in JD.com, Inc. (NASDAQ:JD)

Bank of New York Mellon Corp lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 29.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,445,005 shares of the information services provider’s stock after purchasing an additional 326,644 shares during the period. Bank of New York Mellon Corp’s holdings in JD.com were worth $56,674,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. American International Group Inc. lifted its position in JD.com by 0.4% during the 1st quarter. American International Group Inc. now owns 51,405 shares of the information services provider’s stock worth $1,599,000 after acquiring an additional 185 shares during the last quarter. Norinchukin Bank The lifted its position in JD.com by 1.1% during the 1st quarter. Norinchukin Bank The now owns 20,976 shares of the information services provider’s stock worth $653,000 after acquiring an additional 229 shares during the last quarter. Allen Investment Management LLC lifted its position in JD.com by 1.3% during the 1st quarter. Allen Investment Management LLC now owns 30,605 shares of the information services provider’s stock worth $952,000 after acquiring an additional 404 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in JD.com by 7.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after acquiring an additional 464 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in JD.com by 4.6% during the 1st quarter. Jennison Associates LLC now owns 10,994 shares of the information services provider’s stock worth $342,000 after acquiring an additional 484 shares during the last quarter. 46.43% of the stock is owned by institutional investors and hedge funds.

Shares of JD.com, Inc. (NASDAQ JD) traded down 0.75% during mid-day trading on Friday, reaching $44.91. 16,910,724 shares of the company’s stock traded hands. The stock’s market cap is $63.92 billion. The firm has a 50 day moving average price of $43.54 and a 200-day moving average price of $38.60. JD.com, Inc. has a 12 month low of $23.38 and a 12 month high of $48.99.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $93.20 billion during the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The business’s revenue was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. On average, analysts predict that JD.com, Inc. will post $0.46 earnings per share for the current fiscal year.

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JD has been the subject of a number of research analyst reports. Instinet reaffirmed a “buy” rating and set a $55.00 price objective (up previously from $46.00) on shares of JD.com in a research report on Tuesday, August 15th. BidaskClub lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. MKM Partners raised shares of JD.com from a “neutral” rating to a “buy” rating and upped their price objective for the company from $33.00 to $51.00 in a research report on Wednesday, August 23rd. They noted that the move was a valuation call. UBS AG reaffirmed a “neutral” rating and set a $41.00 price objective on shares of JD.com in a research report on Monday, August 14th. Finally, Vetr lowered shares of JD.com from a “buy” rating to a “hold” rating and set a $42.50 price objective for the company. in a research report on Wednesday, June 7th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $43.02.

JD.com Profile

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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