Lockheed Martin Investment Management Co. grew its stake in shares of JD.com, Inc. (NASDAQ:JD) by 158.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,086 shares of the information services provider’s stock after buying an additional 24,553 shares during the period. Lockheed Martin Investment Management Co.’s holdings in JD.com were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in JD.com by 5.9% during the 1st quarter. Teachers Advisors LLC now owns 297,532 shares of the information services provider’s stock valued at $9,256,000 after purchasing an additional 16,600 shares during the period. Vanguard Group Inc. raised its stake in JD.com by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock valued at $108,351,000 after purchasing an additional 46,530 shares during the period. Bank of Montreal Can raised its stake in JD.com by 34.0% during the 2nd quarter. Bank of Montreal Can now owns 581,950 shares of the information services provider’s stock valued at $22,823,000 after purchasing an additional 147,600 shares during the period. Creative Planning raised its stake in JD.com by 47.2% during the 2nd quarter. Creative Planning now owns 22,055 shares of the information services provider’s stock valued at $865,000 after purchasing an additional 7,073 shares during the period. Finally, Advisors Capital Management LLC raised its stake in JD.com by 0.8% during the 2nd quarter. Advisors Capital Management LLC now owns 69,798 shares of the information services provider’s stock valued at $2,737,000 after purchasing an additional 581 shares during the period. 46.62% of the stock is currently owned by hedge funds and other institutional investors.

JD.com, Inc. (NASDAQ JD) traded down $2.85 during midday trading on Tuesday, hitting $38.49. The stock had a trading volume of 21,076,785 shares, compared to its average volume of 11,047,893. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.20. JD.com, Inc. has a 52-week low of $23.38 and a 52-week high of $48.99.

JD.com (NASDAQ:JD) last released its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. equities analysts expect that JD.com, Inc. will post -0.04 earnings per share for the current year.

Several brokerages recently issued reports on JD. Bank of America Corporation reissued a “buy” rating and set a $53.00 target price (up previously from $46.00) on shares of JD.com in a research note on Wednesday, August 9th. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $45.83 target price on the stock in a research note on Friday, September 22nd. UBS AG reissued a “neutral” rating and set a $41.00 target price on shares of JD.com in a research note on Monday, August 14th. BidaskClub downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Finally, J P Morgan Chase & Co lifted their target price on JD.com to $55.00 and gave the company a “positive” rating in a research note on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $45.76.

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JD.com Company Profile

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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