FengHe Fund Management Pte. Ltd. Raises Stock Position in JD.com, Inc. $JD

FengHe Fund Management Pte. Ltd. lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 106.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,000 shares of the information services provider’s stock after purchasing an additional 111,000 shares during the quarter. FengHe Fund Management Pte. Ltd.’s holdings in JD.com were worth $7,521,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Voya Investment Management LLC lifted its holdings in JD.com by 63.8% during the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock worth $213,075,000 after buying an additional 2,018,675 shares in the last quarter. Marshall Wace LLP increased its position in shares of JD.com by 48.9% during the second quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after acquiring an additional 1,753,236 shares during the period. Crake Asset Management LLP acquired a new stake in shares of JD.com in the second quarter valued at $41,975,000. Assenagon Asset Management S.A. purchased a new position in JD.com in the third quarter valued at $36,749,000. Finally, Maple Rock Capital Partners Inc. grew its stake in JD.com by 101.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,849,324 shares of the information services provider’s stock worth $60,362,000 after purchasing an additional 930,814 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Down 0.7%

Shares of NASDAQ:JD opened at $29.45 on Friday. The firm has a 50 day simple moving average of $29.73 and a 200-day simple moving average of $31.78. JD.com, Inc. has a twelve month low of $28.21 and a twelve month high of $46.44. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $42.19 billion, a PE ratio of 10.02, a P/E/G ratio of 5.40 and a beta of 0.40.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, topping 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 firm had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same period last year, the business earned $8.68 EPS. JD.com’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts predict that JD.com, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

JD has been the topic of a number of analyst reports. Arete Research set a $32.00 price target on JD.com in a research report on Tuesday, December 9th. Morgan Stanley cut 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 report on Monday, November 10th. Mizuho set a $41.00 price target on shares of JD.com in a research note on Wednesday, October 22nd. HSBC reissued a “buy” rating and issued a $37.00 price objective on shares of JD.com in a research report on Monday, December 29th. Finally, Bank of America decreased their price objective on shares of JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.