Grandeur Peak Global Advisors LLC lifted its holdings in JD.Com Inc (NASDAQ:JD) by 27.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 361,800 shares of the information services provider’s stock after buying an additional 78,350 shares during the quarter. JD.Com makes up about 1.4% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 21st biggest position. Grandeur Peak Global Advisors LLC’s holdings in JD.Com were worth $14,092,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of JD.Com by 23.8% in the first quarter. Wells Fargo & Company MN now owns 847,515 shares of the information services provider’s stock valued at $34,316,000 after acquiring an additional 163,055 shares during the period. Wedbush Securities Inc. acquired a new position in JD.Com in the first quarter valued at about $226,000. CIBC Asset Management Inc raised its stake in JD.Com by 5.7% in the first quarter. CIBC Asset Management Inc now owns 50,033 shares of the information services provider’s stock valued at $2,026,000 after purchasing an additional 2,701 shares in the last quarter. Atria Investments LLC acquired a new position in JD.Com in the first quarter valued at about $270,000. Finally, Trexquant Investment LP raised its stake in JD.Com by 93.8% in the first quarter. Trexquant Investment LP now owns 45,287 shares of the information services provider’s stock valued at $1,834,000 after purchasing an additional 21,919 shares in the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.
Several research analysts have commented on JD shares. ValuEngine downgraded JD.Com from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Zacks Investment Research downgraded JD.Com from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of JD.Com in a research note on Thursday, July 19th. Wells Fargo & Co reissued a “buy” rating and set a $53.00 target price on shares of JD.Com in a research note on Tuesday, June 19th. Finally, KeyCorp raised JD.Com to a “buy” rating and set a $51.00 target price for the company in a research note on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. JD.Com presently has a consensus rating of “Hold” and an average price target of $45.52.
NASDAQ:JD opened at $27.25 on Friday. The stock has a market cap of $31.66 billion, a PE ratio of 2,725.00 and a beta of 1.39. The company has a current ratio of 0.99, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. JD.Com Inc has a 1-year low of $26.00 and a 1-year high of $50.68.
JD.Com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. The company had revenue of $122.30 billion for the quarter, compared to analysts’ expectations of $122.78 billion. JD.Com had a negative return on equity of 0.94% and a negative net margin of 0.12%. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 earnings per share. sell-side analysts anticipate that JD.Com Inc will post 0.29 earnings per share for the current year.
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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