M&G Plc Buys 41,787 Shares of JD.com, Inc. (NASDAQ:JD)

M&G Plc lifted its stake in JD.com, Inc. (NASDAQ:JD) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 888,876 shares of the information services provider’s stock after purchasing an additional 41,787 shares during the quarter. M&G Plc owned about 0.06% of JD.com worth $35,555,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

JD has been the subject of several recent analyst reports. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and dropped their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Sanford C. Bernstein cut their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Tuesday, October 15th. Susquehanna reissued a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Finally, StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

JD.com Stock Down 3.4 %

Shares of NASDAQ JD opened at $38.67 on Thursday. The firm’s 50-day moving average price is $35.90 and its 200-day moving average price is $31.13. 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 capitalization of $60.99 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.45 and a beta of 0.41. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82.

JD.com (NASDAQ:JD) last announced its 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 analysts’ expectations 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 was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. On average, equities research analysts anticipate that JD.com, Inc. will post 3.74 EPS 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.