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

M&G Plc grew its stake in JD.com, Inc. (NASDAQ:JD) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888,876 shares of the information services provider’s stock after acquiring an additional 41,787 shares during the period. M&G Plc’s holdings in JD.com were worth $35,555,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its position in shares of JD.com by 9.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after purchasing an additional 129,763 shares during the period. Polunin Capital Partners Ltd lifted its position in shares of JD.com by 27.8% in the 3rd 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 during the period. Seven Grand Managers LLC purchased a new stake in shares of JD.com in the 3rd quarter worth approximately $16,800,000. SG Americas Securities LLC lifted its position in JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after acquiring an additional 33,771 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in JD.com by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after acquiring an additional 63,800 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JD has been the subject of a number of analyst reports. Barclays increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and decreased their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Sanford C. Bernstein decreased 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 report on Friday, August 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Tuesday, October 15th. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

JD.com Stock Down 3.4 %

NASDAQ:JD opened at $38.67 on Thursday. The firm has a market capitalization of $60.99 billion, a P/E ratio of 14.06, a PEG ratio of 0.45 and a beta of 0.41. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The company’s fifty day moving average price is $35.90 and its 200-day moving average price is $31.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. As a group, equities research analysts anticipate that JD.com, Inc. will post 3.74 EPS 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.