Todd Asset Management LLC Purchases 85,331 Shares of JD.com, Inc. $JD

Todd Asset Management LLC boosted its position in JD.com, Inc. (NASDAQ:JD) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,116,629 shares of the information services provider’s stock after purchasing an additional 85,331 shares during the period. Todd Asset Management LLC owned 0.08% of JD.com worth $39,060,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Channing Global Advisors LLC increased its stake in shares of JD.com by 1.9% in the third quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock valued at $605,000 after buying an additional 321 shares during the period. SBI Securities Co. Ltd. increased its position in JD.com by 3.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock valued at $290,000 after acquiring an additional 324 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of JD.com by 6.0% during the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock valued at $232,000 after acquiring an additional 374 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of JD.com by 1.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 28,760 shares of the information services provider’s stock worth $1,006,000 after purchasing an additional 400 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on JD. Bank of America cut their target price on JD.com from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $38.00 target price on shares of JD.com in a report on Friday, November 14th. Susquehanna reissued a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $38.71.

JD.com Price Performance

JD.com stock opened at $27.14 on Monday. The stock has a market capitalization of $38.88 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 5.81 and a beta of 0.41. JD.com, Inc. has a 52-week low of $27.02 and a 52-week high of $46.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. The stock’s 50 day moving average price is $29.00 and its two-hundred day moving average price is $31.11.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $41.98 billion during the quarter, compared to analyst estimates of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. JD.com’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.68 EPS. On average, equities analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current year.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.