Mount Lucas Management LP Takes $8 Million Position in JD.com, Inc. (NASDAQ:JD)

Mount Lucas Management LP acquired a new position in JD.com, Inc. (NASDAQ:JD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the information services provider’s stock, valued at approximately $8,000,000. JD.com makes up approximately 2.7% of Mount Lucas Management LP’s investment portfolio, making the stock its 4th largest position.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank lifted its stake in shares of JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the last quarter. SRN Advisors LLC raised its holdings in JD.com by 1.6% in the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after acquiring an additional 516 shares during the period. Panagora Asset Management Inc. lifted its position in JD.com by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after acquiring an additional 719 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in JD.com by 4.8% during the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock valued at $447,000 after acquiring an additional 797 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of JD.com by 3.1% in the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock valued at $1,172,000 after purchasing an additional 889 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JD has been the subject of several recent analyst reports. Barclays increased their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and cut their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Susquehanna reiterated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Trading Up 4.9 %

Shares of JD opened at $35.00 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market cap of $55.20 billion, a PE ratio of 11.08, a PEG ratio of 0.39 and a beta of 0.41. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The stock has a 50 day simple moving average of $37.35 and a 200-day simple moving average of $31.54.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. JD.com had a return on equity of 14.70% and a net margin of 3.12%. The firm had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same period in the prior year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

JD.com Company 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.