Banque Cantonale Vaudoise Has $1.69 Million Position in JD.com, Inc. (NASDAQ:JD)

Banque Cantonale Vaudoise increased its stake in shares of JD.com, Inc. (NASDAQ:JDFree Report) by 47.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 58,080 shares of the information services provider’s stock after purchasing an additional 18,658 shares during the period. Banque Cantonale Vaudoise’s holdings in JD.com were worth $1,692,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of JD.com in the first quarter worth $81,000. Cetera Investment Advisers increased its stake in JD.com by 16.9% in the 1st quarter. Cetera Investment Advisers now owns 7,776 shares of the information services provider’s stock worth $450,000 after acquiring an additional 1,125 shares during the last quarter. West Family Investments Inc. purchased a new stake in shares of JD.com in the 1st quarter valued at about $340,000. Ergoteles LLC bought a new stake in shares of JD.com during the 1st quarter valued at about $307,000. Finally, Federated Hermes Inc. lifted its position in JD.com by 155.4% in the 1st quarter. Federated Hermes Inc. now owns 1,513,562 shares of the information services provider’s stock worth $87,590,000 after buying an additional 920,886 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 2.0 %

JD stock opened at $21.78 on Monday. The business’s 50-day moving average is $25.71 and its two-hundred day moving average is $29.31. The company has a market cap of $34.35 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 0.18 and a beta of 0.54. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $59.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.12 and a current ratio of 1.36.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly earnings results on Wednesday, November 15th. The information services provider reported $6.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.83. The business had revenue of $247.70 billion during the quarter, compared to analyst estimates of $246.99 billion. JD.com had a return on equity of 10.43% and a net margin of 2.20%. JD.com’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 EPS. As a group, analysts forecast that JD.com, Inc. will post 2.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on JD shares. Citigroup cut their price target on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Barclays dropped their target price on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target (down from $55.00) on shares of JD.com in a research note on Friday, October 13th. StockNews.com downgraded JD.com from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, Sanford C. Bernstein cut JD.com from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $55.00 to $31.00 in a research note on Monday, October 16th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Get Our Latest Stock Report on JD.com

JD.com Company Profile

(Free Report)

JD.com, Inc provides supply chain-based technologies and services 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.

Further Reading

Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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