Federated Hermes Inc. Reduces Position in JD.com, Inc. $JD

Federated Hermes Inc. lowered its position in JD.com, Inc. (NASDAQ:JD) by 50.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,260,373 shares of the information services provider’s stock after selling 2,290,697 shares during the quarter. Federated Hermes Inc. owned approximately 0.16% of JD.com worth $79,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of JD. Dodge & Cox raised its position in JD.com by 3.6% in the 2nd quarter. Dodge & Cox now owns 18,705,949 shares of the information services provider’s stock valued at $610,562,000 after purchasing an additional 643,000 shares during the last quarter. Discerene Group LP raised its stake in JD.com by 11.8% during the 2nd quarter. Discerene Group LP now owns 6,210,851 shares of the information services provider’s stock valued at $202,722,000 after acquiring an additional 656,000 shares during the last quarter. Marshall Wace LLP lifted its position in JD.com by 48.9% during the 2nd 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. North of South Capital LLP grew its stake in shares of JD.com by 2.5% in the 3rd quarter. North of South Capital LLP now owns 4,072,931 shares of the information services provider’s stock valued at $142,471,000 after purchasing an additional 98,716 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of JD.com by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,044,773 shares of the information services provider’s stock valued at $132,021,000 after purchasing an additional 243,104 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Down 0.9%

JD stock opened at $29.23 on Thursday. JD.com, Inc. has a 52 week low of $28.21 and a 52 week 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 cap of $41.87 billion, a P/E ratio of 9.94, a P/E/G ratio of 6.32 and a beta of 0.40. The company’s 50-day moving average price is $29.35 and its 200 day moving average price is $31.52.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating 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%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $8.68 EPS. On average, research analysts expect that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 14th. Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a research note on Monday, December 29th. Wall Street Zen downgraded shares of JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. HSBC reissued a “buy” rating and set a $37.00 price target on shares of JD.com in a report on Monday, December 29th. Finally, Benchmark reduced their price objective on shares of JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, JD.com has an average rating of “Moderate Buy” and a consensus price target of $38.71.

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.