National Asset Management Inc. raised its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 72.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,292 shares of the information services provider’s stock after purchasing an additional 24,108 shares during the quarter. National Asset Management Inc.’s holdings in JD.com were worth $4,070,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of JD. BlackRock Inc. lifted its stake in shares of JD.com by 22.1% in the 2nd quarter. BlackRock Inc. now owns 43,621,550 shares of the information services provider’s stock valued at $2,625,142,000 after purchasing an additional 7,907,425 shares during the last quarter. Vanguard Group Inc. lifted its position in JD.com by 2.6% in the second quarter. Vanguard Group Inc. now owns 30,378,477 shares of the information services provider’s stock worth $1,828,177,000 after buying an additional 766,444 shares during the last quarter. FMR LLC lifted its position in JD.com by 11.4% in the second quarter. FMR LLC now owns 18,911,771 shares of the information services provider’s stock worth $1,138,111,000 after buying an additional 1,938,559 shares during the last quarter. Ninety One UK Ltd purchased a new position in JD.com during the second quarter worth $420,613,000. Finally, GQG Partners LLC increased its position in JD.com by 489.4% during the second quarter. GQG Partners LLC now owns 6,983,480 shares of the information services provider’s stock valued at $420,310,000 after acquiring an additional 5,798,580 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. Benchmark upped their price target on shares of JD.com from $76.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday. China Renaissance Securities upped their target price on JD.com from $76.00 to $80.00 in a research note on Tuesday, August 18th. Citigroup increased their price target on JD.com from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Macquarie upgraded JD.com from a “neutral” rating to an “outperform” rating in a report on Monday, August 17th. Finally, BidaskClub upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $68.57.
NASDAQ JD traded up $2.47 during trading on Tuesday, reaching $87.73. 356,652 shares of the company’s stock traded hands, compared to its average volume of 14,857,886. JD.com, Inc. has a 12-month low of $30.84 and a 12-month high of $92.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.88. The firm has a market cap of $124.38 billion, a price-to-earnings ratio of 43.27, a price-to-earnings-growth ratio of 1.51 and a beta of 0.97. The company’s 50 day simple moving average is $82.18 and its two-hundred day simple moving average is $67.57.
JD.com (NASDAQ:JD) last issued its quarterly earnings data on Monday, November 16th. The information services provider reported $3.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $3.06. JD.com had a net margin of 3.34% and a return on equity of 9.53%. Research analysts expect that JD.com, Inc. will post 1.19 earnings per share for the current fiscal year.
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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