Axa S.A. Grows Position in JD.com, Inc. $JD

Axa S.A. boosted its stake in JD.com, Inc. (NASDAQ:JD) by 65.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 871,534 shares of the information services provider’s stock after purchasing an additional 345,571 shares during the quarter. Axa S.A. owned approximately 0.06% of JD.com worth $28,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in JD. Federated Hermes Inc. raised its holdings in shares of JD.com by 4.0% during the 2nd quarter. Federated Hermes Inc. now owns 4,551,070 shares of the information services provider’s stock valued at $148,547,000 after buying an additional 177,000 shares in the last quarter. Ardmore Road Asset Management LP boosted its position in JD.com by 12.5% during the 2nd quarter. Ardmore Road Asset Management LP now owns 900,000 shares of the information services provider’s stock valued at $29,376,000 after acquiring an additional 100,000 shares in the last quarter. Victory Financial Group LLC bought a new position in shares of JD.com in the 2nd quarter worth about $887,000. Qtron Investments LLC increased its position in JD.com by 10.1% during the 2nd quarter. Qtron Investments LLC now owns 48,779 shares of the information services provider’s stock valued at $1,592,000 after buying an additional 4,473 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of JD.com by 48.9% in the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after purchasing an additional 1,753,236 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

JD.com stock opened at $29.70 on Wednesday. JD.com, Inc. has a 52-week low of $28.21 and a 52-week high of $46.44. The firm has a market cap of $42.55 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 6.73 and a beta of 0.40. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $31.90 and its two-hundred day moving average is $32.37.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. The business had revenue of $41.98 billion during the quarter, compared to analysts’ expectations of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $8.68 EPS. On average, research analysts expect that JD.com, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on JD shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of JD.com in a report on Friday, November 14th. Benchmark lowered their target price on JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Susquehanna reissued a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Mizuho set a $41.00 price target on JD.com in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of JD.com in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.14.

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.