Pacer Advisors Inc. Buys New Holdings in JD.com, Inc. (JD)

Pacer Advisors Inc. bought a new position in JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,090 shares of the information services provider’s stock, valued at approximately $474,000.

Several other institutional investors have also modified their holdings of JD. BlackRock Inc. lifted its position in shares of JD.com by 4,150.5% in the first quarter. BlackRock Inc. now owns 30,769,880 shares of the information services provider’s stock worth $957,254,000 after buying an additional 30,045,963 shares during the last quarter. FMR LLC lifted its position in shares of JD.com by 120.5% in the first quarter. FMR LLC now owns 42,279,006 shares of the information services provider’s stock worth $1,315,300,000 after buying an additional 23,104,318 shares during the last quarter. Tybourne Capital Management HK Ltd. lifted its position in shares of JD.com by 81.3% in the first quarter. Tybourne Capital Management HK Ltd. now owns 15,161,669 shares of the information services provider’s stock worth $471,680,000 after buying an additional 6,797,369 shares during the last quarter. FIL Ltd lifted its position in shares of JD.com by 276.4% in the first quarter. FIL Ltd now owns 7,243,232 shares of the information services provider’s stock worth $225,337,000 after buying an additional 5,318,877 shares during the last quarter. Finally, OZ Management LP lifted its position in shares of JD.com by 25.8% in the first quarter. OZ Management LP now owns 15,906,625 shares of the information services provider’s stock worth $494,855,000 after buying an additional 3,263,730 shares during the last quarter. 46.43% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have recently commented on JD. BidaskClub lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. UBS AG reiterated a “neutral” rating and issued a $41.00 price objective on shares of JD.com in a research note on Monday, August 14th. Vetr lowered JD.com from a “buy” rating to a “hold” rating and set a $42.50 price objective on the stock. in a research note on Monday, May 29th. Bank of America Corporation reiterated a “buy” rating and issued a $53.00 price objective (up from $46.00) on shares of JD.com in a research note on Wednesday, August 9th. Finally, MKM Partners upgraded JD.com from a “neutral” rating to a “buy” rating and boosted their price target for the company from $33.00 to $51.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $43.02.

JD.com, Inc. (JD) opened at 45.26 on Friday. The firm’s 50-day moving average price is $43.55 and its 200 day moving average price is $38.50. The firm’s market cap is $64.42 billion. JD.com, Inc. has a 12-month low of $23.38 and a 12-month high of $48.99.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The company had revenue of $93.20 billion during the quarter, compared to analysts’ expectations of $89.35 billion. During the same period last year, the company posted $0.29 EPS. JD.com’s revenue was up 43.6% on a year-over-year basis. Analysts forecast that JD.com, Inc. will post $0.46 earnings per share for the current fiscal year.

About JD.com

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

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

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