741,055 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Veritas Asset Management LLP

Veritas Asset Management LLP bought a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 741,055 shares of the information services provider’s stock, valued at approximately $29,642,000. JD.com makes up approximately 0.2% of Veritas Asset Management LLP’s portfolio, making the stock its 19th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after acquiring an additional 1,681 shares during the period. Private Advisor Group LLC raised its position in shares of JD.com by 87.8% during the 1st quarter. Private Advisor Group LLC now owns 27,839 shares of the information services provider’s stock worth $763,000 after purchasing an additional 13,015 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in JD.com by 122.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 416,403 shares of the information services provider’s stock valued at $11,405,000 after buying an additional 229,473 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in JD.com by 23.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 64,495 shares of the information services provider’s stock worth $1,767,000 after buying an additional 12,241 shares during the last quarter. Finally, BNP Paribas purchased a new stake in JD.com during the 1st quarter worth approximately $247,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 0.4 %

Shares of JD traded down $0.18 during mid-day trading on Friday, hitting $40.44. 6,746,147 shares of the company’s stock were exchanged, compared to its average volume of 17,332,268. The stock’s 50-day moving average is $35.09 and its 200-day moving average is $30.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a market cap of $63.78 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 0.45 and a beta of 0.41.

JD.com (NASDAQ:JD) last posted its quarterly earnings data 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. The business had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, sell-side analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JD shares. JPMorgan Chase & Co. upped their target price 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. Susquehanna reiterated a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Tuesday, October 15th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

About JD.com

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.