Shell Asset Management Co. increased its position in JD.Com Inc (NASDAQ:JD) by 4.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,841 shares of the information services provider’s stock after purchasing an additional 7,100 shares during the period. Shell Asset Management Co.’s holdings in JD.Com were worth $6,717,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Anderson Fisher LLC bought a new position in JD.Com in the fourth quarter worth about $27,000. Eudaimonia Partners LLC bought a new position in JD.Com in the first quarter worth about $34,000. Capital Square LLC bought a new position in JD.Com in the first quarter worth about $36,000. Nkcfo LLC bought a new position in JD.Com in the first quarter worth about $36,000. Finally, Synovus Financial Corp lifted its holdings in JD.Com by 34.5% in the first quarter. Synovus Financial Corp now owns 1,192 shares of the information services provider’s stock worth $47,000 after acquiring an additional 306 shares during the last quarter. Institutional investors and hedge funds own 40.47% of the company’s stock.
NASDAQ:JD traded down $2.67 during midday trading on Friday, hitting $49.90. 22,444,603 shares of the stock were exchanged, compared to its average volume of 17,519,270. JD.Com Inc has a one year low of $25.48 and a one year high of $56.50. The company has a market capitalization of $76.69 billion, a price-to-earnings ratio of 89.11, a P/E/G ratio of 1.40 and a beta of 0.89. The business has a 50-day moving average price of $45.12 and a two-hundred day moving average price of $39.27. The company has a current ratio of 1.06, a quick ratio of 0.58 and a debt-to-equity ratio of 0.20.
JD.Com (NASDAQ:JD) last announced its earnings results on Monday, March 2nd. The information services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.57. JD.Com had a return on equity of 8.19% and a net margin of 0.99%. The firm had revenue of $170.68 billion for the quarter, compared to analysts’ expectations of $166.73 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. Sell-side analysts forecast that JD.Com Inc will post 0.85 EPS for the current fiscal year.
A number of equities analysts have issued reports on JD shares. Morgan Stanley cut shares of JD.Com from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 15th. HSBC raised their target price on shares of JD.Com from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Benchmark lifted their price target on JD.Com from $60.00 to $66.00 and gave the company a “buy” rating in a report on Monday, May 18th. Goldman Sachs Group lifted their price target on JD.Com from $52.00 to $59.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Susquehanna Bancshares lifted their price target on JD.Com from $35.00 to $45.00 in a report on Tuesday, March 3rd. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. JD.Com presently has an average rating of “Buy” and an average price target of $52.93.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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