Caas Capital Management LP Takes $2.03 Million Position in JD.com, Inc. (NASDAQ:JD)

Caas Capital Management LP bought a new position in shares of JD.com, Inc. (NASDAQ:JD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 50,659 shares of the information services provider’s stock, valued at approximately $2,026,000. JD.com accounts for approximately 0.2% of Caas Capital Management LP’s portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlas Capital Advisors LLC acquired a new position in JD.com during the second quarter worth $28,000. Allspring Global Investments Holdings LLC increased its position in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares in the last quarter. Blue Trust Inc. grew its position in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after acquiring an additional 2,360 shares during the last quarter. Advisors Preferred LLC acquired a new position in JD.com during the 1st quarter worth about $126,000. Finally, Aaron Wealth Advisors LLC bought a new position in shares of JD.com in the third quarter worth about $208,000. 15.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JD shares. Barclays increased their price objective 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. Sanford C. Bernstein reduced their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Susquehanna reiterated a “neutral” rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. increased their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.67.

JD.com Stock Performance

Shares of NASDAQ:JD traded up $0.02 during midday trading on Friday, reaching $40.64. 2,309,125 shares of the company traded hands, compared to its average volume of 14,944,743. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The firm’s fifty day moving average price is $34.82 and its two-hundred day moving average price is $30.69. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $64.09 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 0.45 and a beta of 0.42.

JD.com (NASDAQ:JD) last posted its earnings results 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. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that JD.com, Inc. will post 3.74 earnings per share for the current year.

About JD.com

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.