Alkeon Capital Management LLC Has $131.34 Million Position in JD.com, Inc. $JD

Alkeon Capital Management LLC lessened its stake in JD.com, Inc. (NASDAQ:JD) by 11.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,023,802 shares of the information services provider’s stock after selling 500,000 shares during the quarter. Alkeon Capital Management LLC owned 0.29% of JD.com worth $131,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JD. Nordea Investment Management AB increased its position in JD.com by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after purchasing an additional 13,755 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in JD.com by 42.6% in the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock worth $3,780,000 after purchasing an additional 34,585 shares in the last quarter. Perpetual Ltd increased its position in JD.com by 2.4% during the second quarter. Perpetual Ltd now owns 572,843 shares of the information services provider’s stock worth $18,698,000 after buying an additional 13,587 shares during the last quarter. Royal Bank of Canada raised its holdings in JD.com by 4.5% during the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock valued at $14,241,000 after buying an additional 15,000 shares in the last quarter. Finally, Range Financial Group LLC lifted its position in shares of JD.com by 38.0% in the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock worth $1,532,000 after buying an additional 12,920 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Down 0.3%

Shares of JD.com stock opened at $29.44 on Friday. JD.com, Inc. has a 52-week low of $28.21 and a 52-week high of $46.44. The firm has a market capitalization of $42.17 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 6.65 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. The company’s fifty day moving average price is $31.52 and its two-hundred day moving average price is $32.30.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JD shares. Mizuho set a $41.00 price target on shares of JD.com in a research report on Wednesday, October 22nd. Arete downgraded JD.com from a “buy” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research report on Tuesday. Wall Street Zen lowered JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Morgan Stanley lowered shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.14.

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.