Cibc World Market Inc. Invests $205,000 in JD.com, Inc. (NASDAQ:JD)

Cibc World Market Inc. acquired a new stake in shares of JD.com, Inc. (NASDAQ:JDGet Rating) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,194 shares of the information services provider’s stock, valued at approximately $205,000.

A number of other hedge funds also recently bought and sold shares of JD. Hhlr Advisors LTD. raised its position in JD.com by 76.9% in the first quarter. Hhlr Advisors LTD. now owns 8,434,471 shares of the information services provider’s stock worth $488,103,000 after acquiring an additional 3,667,164 shares during the period. E Fund Management Co. Ltd. raised its holdings in JD.com by 31.3% in the 1st quarter. E Fund Management Co. Ltd. now owns 5,215,567 shares of the information services provider’s stock worth $301,823,000 after purchasing an additional 1,244,822 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in JD.com by 0.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,702,553 shares of the information services provider’s stock worth $214,267,000 after purchasing an additional 11,341 shares during the period. Bank of America Corp DE lifted its position in JD.com by 157.5% during the first quarter. Bank of America Corp DE now owns 3,646,746 shares of the information services provider’s stock valued at $211,037,000 after purchasing an additional 2,230,378 shares in the last quarter. Finally, Banco Santander S.A. grew its holdings in JD.com by 234.9% during the first quarter. Banco Santander S.A. now owns 2,420,922 shares of the information services provider’s stock valued at $140,099,000 after purchasing an additional 1,698,082 shares during the period. Hedge funds and other institutional investors own 25.45% of the company’s stock.

Analyst Upgrades and Downgrades

JD has been the topic of a number of analyst reports. Barclays lifted their price objective on JD.com from $59.00 to $72.00 in a research report on Monday. Susquehanna Bancshares increased their price objective on shares of JD.com from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, September 12th. Benchmark raised their price objective on shares of JD.com from $106.00 to $109.00 in a research report on Wednesday, August 24th. Morgan Stanley dropped their target price on shares of JD.com from $80.00 to $55.00 in a report on Monday, October 31st. Finally, Citigroup raised their price target on JD.com from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.92.

JD.com Trading Up 1.4 %

Shares of JD stock opened at $52.26 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $70.44 billion, a price-to-earnings ratio of 580.73 and a beta of 0.34. JD.com, Inc. has a 12-month low of $33.17 and a 12-month high of $91.19. The stock’s 50-day moving average price is $47.89 and its 200-day moving average price is $55.38.

JD.com (NASDAQ:JDGet Rating) last released its quarterly earnings results on Tuesday, August 23rd. The information services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.16. The business had revenue of $39.95 billion during the quarter, compared to analysts’ expectations of $39.30 billion. JD.com had a return on equity of 6.64% and a net margin of 0.13%. Equities research analysts predict that JD.com, Inc. will post 1.79 EPS for the current fiscal year.

JD.com Company Profile

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JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, books, automobile accessories, apparel and footwear, bags, and jewelry.

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

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