35,355 Shares in JD.Com Inc (NASDAQ:JD) Purchased by Marshall Wace LLP

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Marshall Wace LLP bought a new stake in JD.Com Inc (NASDAQ:JD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 35,355 shares of the information services provider’s stock, valued at approximately $1,377,000.

A number of other institutional investors also recently bought and sold shares of JD. Benjamin F. Edwards & Company Inc. increased its stake in shares of JD.Com by 69.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock worth $130,000 after acquiring an additional 1,375 shares during the period. Canal Capital Management LLC grew its position in JD.Com by 20.6% during the second quarter. Canal Capital Management LLC now owns 8,887 shares of the information services provider’s stock worth $346,000 after buying an additional 1,516 shares during the period. Creative Planning grew its position in JD.Com by 4.5% during the second quarter. Creative Planning now owns 36,065 shares of the information services provider’s stock worth $1,405,000 after buying an additional 1,554 shares during the period. GAM Holding AG grew its position in JD.Com by 0.4% during the second quarter. GAM Holding AG now owns 371,723 shares of the information services provider’s stock worth $14,479,000 after buying an additional 1,660 shares during the period. Finally, Tocqueville Asset Management L.P. grew its position in JD.Com by 0.5% during the second quarter. Tocqueville Asset Management L.P. now owns 342,190 shares of the information services provider’s stock worth $13,328,000 after buying an additional 1,680 shares during the period. Hedge funds and other institutional investors own 51.17% of the company’s stock.

Several brokerages have issued reports on JD. UBS Group set a $28.00 price target on shares of JD.Com and gave the company a “buy” rating in a report on Friday. BidaskClub downgraded shares of JD.Com from a “sell” rating to a “strong sell” rating in a report on Thursday, July 12th. Benchmark reduced their price objective on shares of JD.Com from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, August 17th. KeyCorp raised shares of JD.Com to a “buy” rating and set a $51.00 price objective on the stock in a research note on Monday, July 9th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $53.00 price objective on shares of JD.Com in a research note on Tuesday, June 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. JD.Com currently has an average rating of “Hold” and an average target price of $39.16.

JD stock traded up $0.97 during mid-day trading on Friday, hitting $24.45. 20,189,141 shares of the company were exchanged, compared to its average volume of 15,541,153. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.66. JD.Com Inc has a twelve month low of $22.50 and a twelve month high of $50.68. The firm has a market cap of $31.41 billion, a P/E ratio of 2,445.00 and a beta of 1.41.

JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.35. The company had revenue of $122.30 billion for the quarter, compared to the consensus estimate of $122.78 billion. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.96%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. On average, sell-side analysts expect that JD.Com Inc will post 0.29 EPS for the current year.

JD.Com Company Profile

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

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