Wells Fargo & Company MN grew its stake in shares of JD.Com Inc (NASDAQ:JD) by 24.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 684,460 shares of the information services provider’s stock after acquiring an additional 134,677 shares during the quarter. Wells Fargo & Company MN’s holdings in JD.Com were worth $28,351,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Hermes Investment Management Ltd. boosted its stake in JD.Com by 40.2% during the fourth quarter. Hermes Investment Management Ltd. now owns 5,631,786 shares of the information services provider’s stock worth $233,269,000 after buying an additional 1,614,942 shares during the period. Barings LLC bought a new stake in shares of JD.Com during the fourth quarter worth $51,595,000. Rovida Advisors Inc. bought a new stake in shares of JD.Com during the third quarter worth $43,403,000. Macquarie Group Ltd. raised its holdings in shares of JD.Com by 37.7% in the third quarter. Macquarie Group Ltd. now owns 3,738,921 shares of the information services provider’s stock valued at $142,826,000 after acquiring an additional 1,023,732 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb Inc. raised its holdings in shares of JD.Com by 33.3% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 4,000,000 shares of the information services provider’s stock valued at $152,800,000 after acquiring an additional 1,000,000 shares in the last quarter. Hedge funds and other institutional investors own 43.59% of the company’s stock.
Shares of JD.Com Inc (NASDAQ:JD) traded down $0.23 during trading on Wednesday, hitting $44.09. The stock had a trading volume of 11,774,656 shares, compared to its average volume of 14,251,273. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.62. The firm has a market cap of $63,350.00, a PE ratio of 4,406.00, a price-to-earnings-growth ratio of 8.11 and a beta of 1.51. JD.Com Inc has a fifty-two week low of $29.88 and a fifty-two week high of $50.68.
JD.Com (NASDAQ:JD) last released its quarterly earnings data on Friday, March 2nd. The information services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). JD.Com had a positive return on equity of 2.38% and a negative net margin of 0.05%. The company had revenue of $110,165.33 billion for the quarter, compared to the consensus estimate of $108.88 billion. During the same period in the prior year, the business earned ($0.40) earnings per share. The business’s revenue was up 38.7% compared to the same quarter last year. research analysts forecast that JD.Com Inc will post 0.25 EPS for the current year.
JD has been the topic of a number of recent research reports. Vetr upgraded JD.Com from a “buy” rating to a “strong-buy” rating and set a $52.28 target price on the stock in a research report on Monday, February 5th. KeyCorp boosted their price target on JD.Com from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, January 26th. BidaskClub raised JD.Com from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Nomura increased their price objective on JD.Com from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, TheStreet cut JD.Com from a “c” rating to a “d+” rating in a report on Wednesday, March 7th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $48.44.
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JD.Com Company 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.
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