Mackenzie Financial Corp Has $11.77 Million Stock Position in JD.com, Inc. $JD

Mackenzie Financial Corp cut its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 360,569 shares of the information services provider’s stock after selling 68,994 shares during the period. Mackenzie Financial Corp’s holdings in JD.com were worth $11,769,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in JD. Brighton Jones LLC bought a new stake in JD.com during the 4th quarter worth approximately $270,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of JD.com by 64.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,248 shares of the information services provider’s stock valued at $750,000 after buying an additional 7,132 shares during the last quarter. LPL Financial LLC grew its holdings in JD.com by 46.5% during the first quarter. LPL Financial LLC now owns 261,391 shares of the information services provider’s stock worth $10,748,000 after buying an additional 83,021 shares in the last quarter. Natixis Advisors LLC raised its position in JD.com by 71.2% in the 1st quarter. Natixis Advisors LLC now owns 170,172 shares of the information services provider’s stock valued at $6,997,000 after buying an additional 70,794 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in JD.com by 22.2% during the 1st quarter. Harbour Investments Inc. now owns 2,720 shares of the information services provider’s stock valued at $112,000 after acquiring an additional 494 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JD shares. Mizuho set a $41.00 target price on shares of JD.com in a research note on Wednesday, October 22nd. Bank of America reduced their price objective on shares of JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Morgan Stanley downgraded 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, Arete Research set a $41.00 target price on JD.com in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average target price of $40.43.

JD.com Trading Up 0.5%

Shares of JD opened at $30.05 on Wednesday. JD.com, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $46.44. The business has a 50-day moving average of $32.42 and a 200 day moving average of $32.50. The firm has a market cap of $43.05 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 6.73 and a beta of 0.40. 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 (NASDAQ:JD) last issued its earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm 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%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $8.68 earnings per share. As a group, research analysts forecast that JD.com, Inc. will post 3.91 EPS for the current year.

About JD.com

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.