River & Mercantile Asset Management LLP Acquires 58,670 Shares of JD.Com Inc (JD)

River & Mercantile Asset Management LLP lifted its holdings in shares of JD.Com Inc (NASDAQ:JD) by 46.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,641 shares of the information services provider’s stock after buying an additional 58,670 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in JD.Com were worth $4,818,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Scopia Capital Management LP lifted its stake in shares of JD.Com by 7.6% during the 2nd quarter. Scopia Capital Management LP now owns 5,049,272 shares of the information services provider’s stock valued at $196,669,000 after buying an additional 358,042 shares in the last quarter. East Coast Asset Management LLC. lifted its stake in shares of JD.Com by 32.7% during the 2nd quarter. East Coast Asset Management LLC. now owns 440,105 shares of the information services provider’s stock valued at $17,142,000 after buying an additional 108,459 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of JD.Com by 95.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 29,869 shares of the information services provider’s stock valued at $1,163,000 after buying an additional 14,591 shares in the last quarter. Dimension Capital Management LLC lifted its stake in shares of JD.Com by 510.3% during the 3rd quarter. Dimension Capital Management LLC now owns 34,893 shares of the information services provider’s stock valued at $910,000 after buying an additional 29,176 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of JD.Com by 3.3% during the 3rd quarter. First Trust Advisors LP now owns 1,070,365 shares of the information services provider’s stock valued at $27,926,000 after buying an additional 34,540 shares in the last quarter. Institutional investors own 47.24% of the company’s stock.

NASDAQ JD opened at $20.93 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 0.90. The company has a market capitalization of $25.56 billion, a price-to-earnings ratio of 2,093.00 and a beta of 1.37. JD.Com Inc has a 1 year low of $19.21 and a 1 year high of $50.68.

JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Monday, November 19th. The information services provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). The company had revenue of $104.77 billion for the quarter, compared to analysts’ expectations of $105.93 billion. JD.Com had a net margin of 0.31% and a negative return on equity of 2.40%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. As a group, research analysts forecast that JD.Com Inc will post 0.02 EPS for the current fiscal year.

A number of analysts recently commented on JD shares. Zacks Investment Research upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, September 27th. CLSA cut shares of JD.Com from an “outperform” rating to an “underperform” rating and set a $29.00 target price on the stock. in a research note on Thursday, September 20th. Morgan Stanley reiterated a “hold” rating and issued a $25.00 target price on shares of JD.Com in a research note on Monday, September 17th. BidaskClub upgraded shares of JD.Com from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, MKM Partners lowered their target price on shares of JD.Com to $41.00 and set a “buy” rating on the stock in a research note on Monday, September 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.19.

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About JD.Com

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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

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