Assenagon Asset Management S.A. Purchases New Shares in JD.com, Inc. $JD

Assenagon Asset Management S.A. purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,050,561 shares of the information services provider’s stock, valued at approximately $36,749,000. Assenagon Asset Management S.A. owned 0.07% of JD.com at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Hhlr Advisors LTD. increased its position in shares of JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock worth $197,857,000 after acquiring an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC boosted its holdings in JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after purchasing an additional 2,018,675 shares during the last quarter. Marshall Wace LLP boosted its holdings in JD.com by 48.9% in the second quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock valued at $174,166,000 after purchasing an additional 1,753,236 shares during the last quarter. Dodge & Cox grew its stake in JD.com by 8.0% during the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock valued at $742,748,000 after purchasing an additional 1,339,508 shares in the last quarter. Finally, Crake Asset Management LLP purchased a new stake in JD.com during the 2nd quarter worth approximately $41,975,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Up 0.7%

NASDAQ JD opened at $28.80 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. JD.com, Inc. has a one year low of $28.21 and a one year high of $46.44. The company has a 50-day simple moving average of $31.02 and a 200-day simple moving average of $32.20. The firm has a market capitalization of $41.26 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 6.44 and a beta of 0.40.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $41.98 billion for 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%. JD.com’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company posted $8.68 earnings per share. On average, equities analysts forecast that JD.com, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

JD has been the subject of several research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $38.00 target price on shares of JD.com in a research note on Friday, November 14th. Mizuho set a $41.00 price objective on shares of JD.com in a research note on Wednesday, October 22nd. Morgan Stanley downgraded shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Monday, November 10th. Arete Research set a $32.00 price target on shares of JD.com in a research report on Tuesday, December 9th. Finally, Benchmark decreased their price target on JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.14.

About JD.com

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.