JD.com, Inc. $JD Shares Purchased by Legal & General Group Plc

Legal & General Group Plc boosted its position in shares of JD.com, Inc. (NASDAQ:JD) by 22.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,210,528 shares of the information services provider’s stock after acquiring an additional 223,703 shares during the quarter. Legal & General Group Plc’s holdings in JD.com were worth $39,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com during the first quarter worth about $32,000. Ameritas Advisory Services LLC purchased a new stake in JD.com during the 2nd quarter worth approximately $37,000. Allworth Financial LP lifted its holdings in JD.com by 158.4% during the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock worth $44,000 after buying an additional 830 shares in the last quarter. MAI Capital Management boosted its position in JD.com by 153.3% in the 2nd quarter. MAI Capital Management now owns 1,905 shares of the information services provider’s stock valued at $62,000 after buying an additional 1,153 shares during the period. Finally, Smithfield Trust Co grew its stake in shares of JD.com by 3,451.8% in the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider’s stock worth $82,000 after acquiring an additional 1,933 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Up 1.0%

JD opened at $29.42 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. JD.com, Inc. has a one year low of $28.21 and a one year high of $46.44. The company has a market cap of $42.15 billion, a P/E ratio of 10.01, a PEG ratio of 6.56 and a beta of 0.41. The business’s 50-day simple moving average is $32.78 and its 200-day simple moving average is $32.68.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. The firm had revenue of $41.98 billion during the quarter, compared to analysts’ expectations of $40.87 billion. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.68 earnings per share. As a group, equities research analysts expect that JD.com, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup assumed coverage on JD.com in a research note on Monday, August 11th. They issued a “buy” rating and a $42.00 price objective on the stock. Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a research report on Monday. Arete raised JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, September 26th. Morgan Stanley lowered shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research note on Monday, November 10th. Finally, Mizuho set a $41.00 price target on shares of JD.com in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.43.

JD.com Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.