Pillar Pacific Capital Management LLC Increases Stake in JD.com, Inc. (JD)
Pillar Pacific Capital Management LLC raised its position in shares of JD.com, Inc. (NASDAQ:JD) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 126,075 shares of the information services provider’s stock after buying an additional 775 shares during the period. Pillar Pacific Capital Management LLC’s holdings in JD.com were worth $4,945,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Greenleaf Trust purchased a new stake in shares of JD.com during the second quarter worth about $242,000. Envestnet Asset Management Inc. boosted its stake in shares of JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after buying an additional 464 shares during the period. Rehmann Capital Advisory Group bought a new stake in shares of JD.com during the second quarter worth approximately $267,000. Acadian Asset Management LLC bought a new stake in shares of JD.com during the second quarter worth approximately $280,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of JD.com during the first quarter worth approximately $242,000. Institutional investors own 49.20% of the company’s stock.
JD.com, Inc. (JD) traded down 0.41% during trading on Friday, reaching $45.90. 16,163,479 shares of the company’s stock were exchanged. JD.com, Inc. has a 12 month low of $23.38 and a 12 month high of $48.99. The firm’s 50-day moving average price is $43.17 and its 200-day moving average price is $36.36.
JD has been the topic of a number of research analyst reports. Vetr lowered shares of JD.com from a “buy” rating to a “hold” rating and set a $41.67 price objective on the stock. in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) increased their price objective on shares of JD.com from $38.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Instinet reissued a “buy” rating on shares of JD.com in a report on Saturday, July 22nd. Bank of America Corporation reissued a “buy” rating and set a $53.00 price objective (up previously from $46.00) on shares of JD.com in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price objective on shares of JD.com from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $38.97.
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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