StoneX Group Inc. increased its stake in shares of JD.com, Inc. (NASDAQ:JD – Free Report) by 261.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,708 shares of the information services provider’s stock after buying an additional 22,942 shares during the quarter. StoneX Group Inc.’s holdings in JD.com were worth $843,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its holdings in JD.com by 2.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock worth $222,283,000 after purchasing an additional 235,034 shares in the last quarter. KBC Group NV raised its holdings in shares of JD.com by 78.8% in the 1st quarter. KBC Group NV now owns 459,316 shares of the information services provider’s stock worth $13,582,000 after purchasing an additional 202,488 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in JD.com by 20.2% during the second quarter. Handelsbanken Fonder AB now owns 477,000 shares of the information services provider’s stock valued at $12,154,000 after purchasing an additional 80,000 shares during the last quarter. Tidal Investments LLC boosted its holdings in JD.com by 109.1% during the second quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider’s stock worth $9,755,000 after buying an additional 199,724 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its holdings in JD.com by 41.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 285,837 shares of the information services provider’s stock worth $7,603,000 after buying an additional 84,207 shares in the last quarter. 15.98% of the stock is owned by institutional investors.
JD.com Stock Performance
Shares of JD.com stock opened at $28.31 on Wednesday. The stock has a market cap of $35.34 billion, a PE ratio of 19.66 and a beta of 0.30. The business has a fifty day simple moving average of $26.88 and a 200-day simple moving average of $28.54. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $34.30.
JD.com (NASDAQ:JD – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%. JD.com’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.97 earnings per share. On average, sell-side analysts anticipate that JD.com, Inc. will post 2.90 EPS for the current fiscal year.
Analysts Set New Price Targets
JD has been the topic of several recent research reports. Mizuho set a $39.00 price target on shares of JD.com in a research report on Friday, August 14th. Barclays reduced their price objective on JD.com from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Zacks Research cut JD.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Bank of America decreased their target price on JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Finally, Arete Research downgraded JD.com from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Monday, September 7th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.
Read Our Latest Research Report on JD
JD.com Profile
JD.com, Inc. is a China-based technology and e-commerce company that operates an online retail platform. It sells a broad range of products, including electronics, home appliances, apparel, groceries and household goods, through direct sales and marketplace services that connect customers with third-party merchants. The company also provides logistics and supply-chain services through its JD Logistics business, including warehousing, delivery and fulfillment for JD.com and other businesses. Its operations are centered in China, and it serves customers in selected international markets through cross-border commerce and other services.
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