AIA Group Ltd Purchases New Stake in JD.com, Inc. (NASDAQ:JD)

AIA Group Ltd acquired a new position in JD.com, Inc. (NASDAQ:JD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,640 shares of the information services provider’s stock, valued at approximately $346,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its holdings in shares of JD.com by 30.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after acquiring an additional 1,368,356 shares during the period. Discerene Group LP grew its holdings in JD.com by 66.0% in the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after buying an additional 2,207,619 shares in the last quarter. Federated Hermes Inc. raised its stake in JD.com by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after acquiring an additional 603,211 shares in the last quarter. Polunin Capital Partners Ltd boosted its position in JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after acquiring an additional 447,264 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of JD.com by 1.2% in the first quarter. Russell Investments Group Ltd. now owns 2,034,393 shares of the information services provider’s stock worth $55,642,000 after purchasing an additional 24,403 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

JD has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays raised their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Susquehanna restated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

JD.com Trading Down 7.0 %

NASDAQ:JD opened at $38.35 on Friday. The stock has a market cap of $60.48 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.43 and a beta of 0.41. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The stock’s 50-day moving average is $36.42 and its two-hundred day moving average is $31.28.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

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.