Robeco Institutional Asset Management B.V. Buys 235,034 Shares of JD.com, Inc. $JD

Robeco Institutional Asset Management B.V. increased its stake in JD.com, Inc. (NASDAQ:JD) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,356,490 shares of the information services provider’s stock after buying an additional 235,034 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in JD.com were worth $222,283,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in JD.com in the first quarter valued at approximately $7,537,000. KBC Group NV increased its position in JD.com by 78.8% during the first 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 during the last quarter. Tidal Investments LLC raised its stake 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 purchasing an additional 199,724 shares during the period. Quantinno Capital Management LP raised its stake in JD.com by 187.2% during the first quarter. Quantinno Capital Management LP now owns 189,079 shares of the information services provider’s stock worth $5,591,000 after purchasing an additional 123,244 shares during the period. Finally, Handelsbanken Fonder AB raised 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 worth $12,154,000 after purchasing an additional 80,000 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JD has been the topic of a number of research analyst reports. Bank of America decreased their price target on shares of JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a report on Friday, August 14th. Weiss Ratings raised JD.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Barclays cut their target price on JD.com from $41.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Finally, Susquehanna reduced their target price on JD.com from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, August 17th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.33.

JD.com Stock Down 0.1%

Shares of NASDAQ:JD opened at $26.76 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.14. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $35.06. The stock has a market capitalization of $33.40 billion, a P/E ratio of 18.58 and a beta of 0.33. The stock has a 50-day simple moving average of $27.61 and a 200-day simple moving average of $28.94.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The firm had revenue of $50.99 billion during the quarter, compared to the consensus estimate of $50.38 billion. During the same quarter in the prior year, the company earned $4.97 EPS. The company’s revenue was down 2.9% on a year-over-year basis. Equities analysts forecast that JD.com, Inc. will post 2.90 earnings per share for the current year.

JD.com Profile

JD.com, Inc (NASDAQ:JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.

Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.