Profund Advisors LLC Has $5.26 Million Stake in JD.Com Inc (NASDAQ:JD)

Profund Advisors LLC grew its holdings in JD.Com Inc (NASDAQ:JD) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,424 shares of the information services provider’s stock after purchasing an additional 24,081 shares during the period. Profund Advisors LLC’s holdings in JD.Com were worth $5,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in shares of JD.Com by 35.3% in the fourth quarter. Bank of America Corp DE now owns 4,195,576 shares of the information services provider’s stock valued at $147,810,000 after acquiring an additional 1,095,717 shares during the period. 10 15 Associates Inc. raised its stake in JD.Com by 1.6% during the fourth quarter. 10 15 Associates Inc. now owns 65,170 shares of the information services provider’s stock worth $2,296,000 after acquiring an additional 1,050 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of JD.Com by 686.9% in the fourth quarter. Advisory Services Network LLC now owns 3,376 shares of the information services provider’s stock valued at $119,000 after buying an additional 2,947 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in shares of JD.Com in the fourth quarter valued at $3,875,000. Finally, AO Asset Management LP increased its stake in shares of JD.Com by 131.3% in the fourth quarter. AO Asset Management LP now owns 1,147,300 shares of the information services provider’s stock valued at $40,419,000 after buying an additional 651,300 shares in the last quarter. Institutional investors own 40.80% of the company’s stock.

JD.Com stock traded up $0.66 during midday trading on Thursday, reaching $42.01. The stock had a trading volume of 20,471,143 shares, compared to its average volume of 17,205,852. The firm’s fifty day simple moving average is $40.29 and its 200-day simple moving average is $35.21. JD.Com Inc has a 1-year low of $25.48 and a 1-year high of $45.34. The stock has a market capitalization of $59.83 billion, a P/E ratio of 35.01 and a beta of 1.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 0.99.

JD.Com (NASDAQ:JD) last posted its quarterly earnings results on Monday, March 2nd. The information services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.57. The firm had revenue of $170.68 billion for the quarter, compared to analyst estimates of $166.73 billion. JD.Com had a return on equity of 9.42% and a net margin of 2.15%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, sell-side analysts anticipate that JD.Com Inc will post 0.42 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on JD. Stifel Nicolaus restated a “hold” rating and issued a $43.00 target price on shares of JD.Com in a research note on Monday, March 2nd. Zacks Investment Research upgraded JD.Com from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Sanford C. Bernstein upgraded JD.Com from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $52.00 in a research report on Tuesday, March 17th. JPMorgan Chase & Co. lifted their price objective on JD.Com from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Finally, HSBC started coverage on JD.Com in a research report on Monday, December 9th. They issued a “buy” rating and a $40.00 price objective for the company. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.27.

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

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