OppenheimerFunds Inc. Reduces Holdings in JD.Com Inc (NASDAQ:JD)

OppenheimerFunds Inc. trimmed its holdings in shares of JD.Com Inc (NASDAQ:JD) by 37.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,500,625 shares of the information services provider’s stock after selling 5,620,842 shares during the quarter. OppenheimerFunds Inc. owned 0.79% of JD.Com worth $286,445,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Hillhouse Capital Advisors Ltd. acquired a new position in JD.Com in the fourth quarter valued at approximately $314,813,000. BlackRock Inc. increased its position in shares of JD.Com by 8.1% in the fourth quarter. BlackRock Inc. now owns 35,200,026 shares of the information services provider’s stock valued at $736,736,000 after buying an additional 2,650,221 shares in the last quarter. Exane Derivatives purchased a new stake in shares of JD.Com in the fourth quarter valued at approximately $75,000. Thoroughbred Financial Services LLC purchased a new stake in shares of JD.Com in the fourth quarter valued at approximately $335,000. Finally, LPL Financial LLC increased its position in shares of JD.Com by 42.9% in the fourth quarter. LPL Financial LLC now owns 59,857 shares of the information services provider’s stock valued at $1,253,000 after buying an additional 17,959 shares in the last quarter. Hedge funds and other institutional investors own 48.54% of the company’s stock.

JD has been the subject of several research reports. Zacks Investment Research upgraded JD.Com from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, March 27th. BidaskClub upgraded JD.Com from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. CICC Research upgraded JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price target on the stock in a report on Monday, May 13th. China International Capital upgraded JD.Com to a “buy” rating in a report on Monday, May 13th. Finally, Morgan Stanley upped their price target on JD.Com from $25.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $31.00.

Shares of JD remained flat at $$30.29 during midday trading on Friday. The company’s stock had a trading volume of 10,263,819 shares, compared to its average volume of 16,628,027. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.49. JD.Com Inc has a 12 month low of $19.21 and a 12 month high of $40.04. The firm has a fifty day moving average price of $27.81. The stock has a market capitalization of $36.47 billion, a PE ratio of -1,009.67 and a beta of 1.36.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Friday, May 10th. The information services provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.15. The firm had revenue of $121.08 billion during the quarter, compared to analyst estimates of $120.01 billion. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. JD.Com’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, sell-side analysts predict that JD.Com Inc will post 0.51 EPS for the current fiscal 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 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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Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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