OLD National Bancorp IN Invests $212,000 in JD.com, Inc. (NASDAQ:JD)

OLD National Bancorp IN bought a new position in JD.com, Inc. (NASDAQ:JD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,292 shares of the information services provider’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also modified their holdings of JD. Discerene Group LP raised its holdings in shares of JD.com by 66.0% during the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after acquiring an additional 2,207,619 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of JD.com by 30.7% during the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after acquiring an additional 1,368,356 shares in the last quarter. M&G Plc purchased a new stake in shares of JD.com during the first quarter worth $22,920,000. Varma Mutual Pension Insurance Co raised its holdings in shares of JD.com by 285.0% during the second quarter. Varma Mutual Pension Insurance Co now owns 946,300 shares of the information services provider’s stock worth $24,452,000 after acquiring an additional 700,500 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of JD.com by 16.4% during the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after acquiring an additional 603,211 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on JD. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price objective for the stock from $49.00 to $48.00 in a report on Monday. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Tuesday, October 15th. Finally, Susquehanna restated a “neutral” rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus target price of $39.67.

JD.com Trading Down 0.9 %

JD.com stock opened at $40.00 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The business’s 50-day simple moving average is $33.32 and its 200-day simple moving average is $30.13. The firm has a market capitalization of $63.08 billion, a PE ratio of 18.26, a PEG ratio of 0.65 and a beta of 0.42. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. During the same period last year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts forecast that JD.com, Inc. will post 3.75 earnings per share for the current year.

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.