JD.com, Inc. $JD Position Boosted by American Century Companies Inc.

American Century Companies Inc. lifted its stake in JD.com, Inc. (NASDAQ:JD) by 21.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,143 shares of the information services provider’s stock after purchasing an additional 17,949 shares during the quarter. American Century Companies Inc.’s holdings in JD.com were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JD. Legal & General Group Plc lifted its position in JD.com by 22.7% in the 2nd quarter. Legal & General Group Plc now owns 1,210,528 shares of the information services provider’s stock worth $39,515,000 after buying an additional 223,703 shares in the last quarter. MAI Capital Management increased its stake in shares of JD.com by 153.3% in the second quarter. MAI Capital Management now owns 1,905 shares of the information services provider’s stock worth $62,000 after acquiring an additional 1,153 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of JD.com by 8.5% during the second quarter. Handelsbanken Fonder AB now owns 870,895 shares of the information services provider’s stock worth $28,426,000 after acquiring an additional 68,000 shares in the last quarter. AI Squared Management Ltd acquired a new stake in JD.com during the second quarter valued at $2,299,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in JD.com in the 2nd quarter worth about $297,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JD has been the subject of several research reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $38.00 price target on shares of JD.com in a report on Friday, November 14th. Bank of America cut their price objective on shares of JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a research report on Monday. Mizuho set a $41.00 price target on shares of JD.com in a research note on Wednesday, October 22nd. Finally, Wall Street Zen downgraded shares of JD.com from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.14.

JD.com Trading Down 0.7%

Shares of JD.com stock opened at $29.70 on Wednesday. The company’s fifty day simple moving average is $31.90 and its 200-day simple moving average is $32.37. The company has a market cap of $42.55 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 6.73 and a beta of 0.40. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 1 year low of $28.21 and a 1 year high of $46.44.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The firm 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 business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $8.68 EPS. As a group, sell-side analysts expect that JD.com, Inc. will post 3.91 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.