Fort Washington Investment Advisors Inc. OH lessened its stake in JD.com, Inc. (NASDAQ:JD) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 943,597 shares of the information services provider’s stock after selling 171,598 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.07% of JD.com worth $79,574,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Albion Financial Group UT purchased a new position in JD.com during the 4th quarter valued at about $33,000. Selective Wealth Management Inc. increased its holdings in JD.com by 80.0% during the 1st quarter. Selective Wealth Management Inc. now owns 450 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 200 shares during the period. Harbor Investment Advisory LLC purchased a new position in JD.com during the 1st quarter valued at about $39,000. First Horizon Advisors Inc. increased its holdings in JD.com by 103.6% during the 4th quarter. First Horizon Advisors Inc. now owns 454 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 231 shares during the period. Finally, Capital Asset Advisory Services LLC purchased a new position in JD.com during the 4th quarter valued at about $42,000. 40.27% of the stock is owned by institutional investors.
JD has been the topic of a number of research analyst reports. Citigroup reduced their target price on JD.com from $120.00 to $115.00 in a report on Wednesday, April 14th. UBS Group upped their target price on JD.com from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, March 12th. Zacks Investment Research downgraded JD.com from a “hold” rating to a “sell” rating in a report on Tuesday, March 16th. Stifel Nicolaus reduced their target price on JD.com from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, May 12th. Finally, Sanford C. Bernstein began coverage on JD.com in a research report on Monday, January 25th. They issued an “outperform” rating and a $120.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. JD.com currently has an average rating of “Buy” and a consensus target price of $99.00.
JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, March 11th. The information services provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $0.19 by $1.30. The firm had revenue of $224.33 billion for the quarter, compared to analysts’ expectations of $219.21 billion. JD.com had a return on equity of 10.00% and a net margin of 4.14%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. On average, research analysts predict that JD.com, Inc. will post 1.27 earnings per share for the current year.
JD.com Company Profile
JD.com, Inc operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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