Today: Public Employees Retirement Association of Colorado Invests $8,278,000 in JD.com Inc. (JD)

Today: Public Employees Retirement Association of Colorado Invests $8,278,000 in JD.com Inc. (JD)

Public Employees Retirement Association of Colorado bought a new position in JD.com Inc. (NASDAQ:JD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 389,900 shares of the company’s stock, valued at approximately $8,278,000.

Other large investors have also recently added to or reduced their stakes in the company. Allen Investment Management LLC increased its stake in JD.com by 2.2% in the first quarter. Allen Investment Management LLC now owns 42,422 shares of the company’s stock worth $1,124,000 after buying an additional 904 shares during the last quarter. AMP Capital Investors Ltd increased its stake in JD.com by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 13,600 shares of the company’s stock worth $370,000 after buying an additional 1,000 shares during the last quarter. Aviva PLC increased its stake in JD.com by 6.3% in the first quarter. Aviva PLC now owns 25,300 shares of the company’s stock worth $670,000 after buying an additional 1,500 shares during the last quarter. Rafferty Asset Management LLC increased its stake in JD.com by 8.2% in the first quarter. Rafferty Asset Management LLC now owns 28,760 shares of the company’s stock worth $762,000 after buying an additional 2,178 shares during the last quarter. Finally, York Capital Management Global Advisors LLC increased its stake in JD.com by 1.0% in the first quarter. York Capital Management Global Advisors LLC now owns 238,513 shares of the company’s stock worth $6,321,000 after buying an additional 2,476 shares during the last quarter. 54.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of JD.com Inc. (NASDAQ:JD) traded up 0.88% during trading on Friday, hitting $26.50. 7,110,387 shares of the stock traded hands. The firm’s market capitalization is $38.25 billion. JD.com Inc. has a 1-year low of $19.51 and a 1-year high of $33.48. The firm has a 50-day moving average of $26.38 and a 200-day moving average of $24.38.

JD.com (NASDAQ:JD) last announced its earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.32. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. The business earned $9.80 billion during the quarter, compared to the consensus estimate of $9.81 billion. During the same quarter last year, the firm earned ($0.01) earnings per share. JD.com’s quarterly revenue was up 42.0% on a year-over-year basis. On average, equities analysts forecast that JD.com Inc. will post ($0.10) earnings per share for the current year.

A number of equities research analysts have weighed in on JD shares. Brean Capital reaffirmed a “buy” rating on shares of JD.com in a report on Tuesday, July 19th. Vetr cut shares of JD.com from a “strong-buy” rating to a “buy” rating and set a $23.46 target price for the company. in a research note on Wednesday, July 13th. MKM Partners reiterated a “buy” rating and issued a $32.00 target price on shares of JD.com in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $31.00 target price on shares of JD.com in a research note on Tuesday, June 21st. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $32.00 target price (up previously from $31.00) on shares of JD.com in a research note on Wednesday, August 10th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $31.47.

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.

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