JD.com, Inc. (NASDAQ:JD) is Genesis Investment Management LLP’s 10th Largest Position

Genesis Investment Management LLP decreased its position in JD.com, Inc. (NASDAQ:JD) by 7.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 576,400 shares of the information services provider’s stock after selling 44,599 shares during the period. JD.com comprises about 4.5% of Genesis Investment Management LLP’s portfolio, making the stock its 10th biggest holding. Genesis Investment Management LLP’s holdings in JD.com were worth $23,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FIL Ltd lifted its stake in shares of JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after buying an additional 3,441,605 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of JD.com by 30.7% in 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 during the period. Discerene Group LP boosted its holdings in shares of JD.com by 66.0% in 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 during the period. Federated Hermes Inc. grew its position in shares of JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of JD.com by 99.2% during the 4th quarter. Point72 Asset Management L.P. now owns 2,393,247 shares of the information services provider’s stock valued at $69,141,000 after purchasing an additional 1,191,535 shares during the period. 15.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JD shares. Benchmark reduced their target price on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Friday, August 16th. Loop Capital cut their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Barclays lowered their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Susquehanna restated a “neutral” rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.93.

JD.com Trading Down 2.6 %

JD traded down $1.15 on Wednesday, hitting $42.39. 8,398,783 shares of the company were exchanged, compared to its average volume of 15,000,026. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The stock has a market capitalization of $66.85 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.45 and a beta of 0.42. 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 firm has a fifty day simple moving average of $29.90 and a two-hundred day simple moving average of $29.05.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. Sell-side analysts expect that JD.com, Inc. will post 3.74 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.