Van ECK Associates Corp Acquires 105,674 Shares of JD.com, Inc. (NASDAQ:JD)

Van ECK Associates Corp lifted its stake in JD.com, Inc. (NASDAQ:JD) by 47.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,904 shares of the information services provider’s stock after purchasing an additional 105,674 shares during the quarter. Van ECK Associates Corp’s holdings in JD.com were worth $13,076,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Caas Capital Management LP bought a new position in JD.com in the 3rd quarter worth about $2,026,000. WT Asset Management Ltd purchased a new position in JD.com in the third quarter worth about $55,635,000. US Bancorp DE lifted its stake in shares of JD.com by 211.6% in the third quarter. US Bancorp DE now owns 118,153 shares of the information services provider’s stock worth $4,726,000 after buying an additional 80,235 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new stake in shares of JD.com during the third quarter valued at approximately $234,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of JD.com during the third quarter valued at approximately $4,657,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on JD shares. Susquehanna reiterated a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Barclays lifted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Sanford C. Bernstein decreased their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.71.

JD.com Price Performance

Shares of JD.com stock opened at $40.03 on Wednesday. The stock has a market cap of $63.13 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.45 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The stock’s fifty day moving average is $35.65 and its 200 day moving average is $31.08. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82.

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

JD.com Company 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.