FormulaFolio Investments LLC Purchases New Position in JD.com, Inc. (NASDAQ:JD)

FormulaFolio Investments LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 7,127 shares of the information services provider’s stock, valued at approximately $626,000.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of JD.com by 1.0% in the fourth quarter. BlackRock Inc. now owns 41,783,500 shares of the information services provider’s stock valued at $3,672,770,000 after acquiring an additional 408,367 shares during the period. FMR LLC raised its stake in shares of JD.com by 20.7% during the fourth quarter. FMR LLC now owns 19,585,343 shares of the information services provider’s stock worth $1,721,552,000 after purchasing an additional 3,362,297 shares during the last quarter. TRG Investments LLC raised its stake in shares of JD.com by 39.0% during the fourth quarter. TRG Investments LLC now owns 12,464,567 shares of the information services provider’s stock worth $1,095,636,000 after purchasing an additional 3,494,133 shares during the last quarter. Norges Bank purchased a new stake in shares of JD.com during the fourth quarter worth approximately $979,596,000. Finally, Fisher Asset Management LLC raised its stake in shares of JD.com by 3.5% during the fourth quarter. Fisher Asset Management LLC now owns 7,833,260 shares of the information services provider’s stock worth $688,544,000 after purchasing an additional 262,068 shares during the last quarter. 40.27% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on JD shares. Citigroup upped their price target on JD.com from $117.00 to $120.00 in a research note on Friday, March 12th. Loop Capital increased their price objective on JD.com from $99.00 to $105.00 in a research report on Wednesday, December 9th. Macquarie increased their price objective on JD.com from $107.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. They noted that the move was a valuation call. Zacks Investment Research cut JD.com from a “hold” rating to a “sell” rating in a research report on Tuesday, March 16th. Finally, HSBC raised their price target on JD.com from $103.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, March 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $98.30.

Shares of NASDAQ:JD opened at $81.25 on Thursday. The stock’s 50-day moving average price is $89.59 and its two-hundred day moving average price is $86.86. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.08. JD.com, Inc. has a 12-month low of $40.58 and a 12-month high of $108.29. The firm has a market cap of $108.83 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 0.94 and a beta of 0.92.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, March 11th. The information services provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $0.19 by $1.30. The business had revenue of $224.33 billion for the quarter, compared to analyst estimates of $219.21 billion. JD.com had a return on equity of 10.00% and a net margin of 4.14%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. As a group, research analysts forecast that JD.com, Inc. will post 1.27 earnings per share for the current fiscal year.

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

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