Intercontinental Wealth Advisors LLC decreased its holdings in JD.com, Inc. (NASDAQ:JD – Get Rating) by 40.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,602 shares of the information services provider’s stock after selling 5,180 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in JD.com were worth $533,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of JD. Davis Selected Advisers raised its stake in shares of JD.com by 255.5% during the 3rd quarter. Davis Selected Advisers now owns 11,932,842 shares of the information services provider’s stock valued at $862,029,000 after buying an additional 8,575,990 shares during the last quarter. Coatue Management LLC boosted its holdings in shares of JD.com by 835.6% during the 3rd quarter. Coatue Management LLC now owns 8,148,654 shares of the information services provider’s stock worth $588,659,000 after purchasing an additional 7,277,722 shares during the last quarter. Krane Funds Advisors LLC boosted its holdings in shares of JD.com by 116.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 7,846,761 shares of the information services provider’s stock worth $566,850,000 after purchasing an additional 4,217,735 shares during the last quarter. E Fund Management Co. Ltd. acquired a new position in shares of JD.com during the 3rd quarter worth approximately $216,391,000. Finally, Vontobel Asset Management Inc. acquired a new position in shares of JD.com during the 3rd quarter worth approximately $146,280,000. 72.87% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on the company. JPMorgan Chase & Co. cut JD.com from an “overweight” rating to an “underweight” rating in a report on Monday, March 14th. HSBC cut their target price on JD.com from $100.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. Stifel Nicolaus cut their target price on JD.com from $110.00 to $95.00 in a research report on Wednesday, January 26th. Citigroup cut their target price on JD.com from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. Finally, Barclays cut their price objective on JD.com from $103.00 to $99.00 and set an “overweight” rating on the stock in a research report on Friday, March 11th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $96.53.
JD.com (NASDAQ:JD – Get Rating) last posted its quarterly earnings results on Thursday, March 10th. The information services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $275.91 billion during the quarter, compared to analyst estimates of $273.82 billion. JD.com had a negative net margin of 0.39% and a positive return on equity of 3.92%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, equities analysts predict that JD.com, Inc. will post 1.24 earnings per share for the current fiscal year.
JD.com Profile (Get Rating)
JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. It operates through three segments: JD Retail, JD Logistics, and New Businesses. 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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