JD.com, Inc. (NASDAQ:JD) Stock Position Lifted by EPIQ Capital Group LLC

EPIQ Capital Group LLC raised its stake in JD.com, Inc. (NASDAQ:JD) by 3.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 108,069 shares of the information services provider’s stock after purchasing an additional 3,973 shares during the quarter. JD.com makes up 1.0% of EPIQ Capital Group LLC’s holdings, making the stock its 15th largest position. EPIQ Capital Group LLC’s holdings in JD.com were worth $2,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FIL Ltd increased its stake in shares of JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after acquiring an additional 3,441,605 shares during the last quarter. Contrarius Investment Management Ltd acquired a new stake in shares of JD.com during the 4th quarter valued at about $9,384,000. Canada Pension Plan Investment Board grew its position in JD.com by 9.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after acquiring an additional 129,763 shares in the last quarter. Carmignac Gestion boosted its holdings in JD.com by 3.1% in the fourth quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock worth $27,874,000 after purchasing an additional 29,159 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in JD.com by 234.0% during the fourth quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock worth $3,063,000 after buying an additional 74,269 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

JD opened at $26.30 on Tuesday. The stock’s 50 day simple moving average is $26.55 and its 200-day simple moving average is $27.76. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market cap of $41.48 billion, a PE ratio of 12.01 and a beta of 0.39. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $35.69.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JD shares. Barclays decreased their price target on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Loop Capital lowered their price target on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 11th. Sanford C. Bernstein lowered their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.93.

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.