240,501 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong purchased a new stake in JD.com, Inc. (NASDAQ:JD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 240,501 shares of the information services provider’s stock, valued at approximately $9,620,000. JD.com makes up approximately 0.6% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors have also recently made changes to their positions in JD. KBC Group NV grew its position in shares of JD.com by 9.7% in the 3rd quarter. KBC Group NV now owns 113,610 shares of the information services provider’s stock valued at $4,544,000 after acquiring an additional 10,052 shares during the period. Regal Partners Ltd acquired a new stake in JD.com in the 3rd quarter valued at about $7,618,000. Angeles Investment Advisors LLC acquired a new position in shares of JD.com during the 3rd quarter worth approximately $208,000. Future Fund LLC bought a new position in JD.com in the 3rd quarter valued at about $726,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of JD.com by 681.8% during the third quarter. Victory Capital Management Inc. now owns 200,629 shares of the information services provider’s stock worth $8,025,000 after buying an additional 174,966 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Down 1.1 %

Shares of NASDAQ JD opened at $35.69 on Thursday. The business has a 50-day simple moving average of $36.85 and a two-hundred day simple moving average of $31.44. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The company has a market cap of $56.29 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.40 and a beta of 0.41.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

JD has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Tuesday, October 15th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Barclays raised their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

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.