Ardmore Road Asset Management LP Acquires 100,000 Shares of JD.com, Inc. $JD

Ardmore Road Asset Management LP increased its stake in shares of JD.com, Inc. (NASDAQ:JD) by 12.5% during the 2nd quarter, Holdings Channel reports. The fund owned 900,000 shares of the information services provider’s stock after acquiring an additional 100,000 shares during the period. JD.com comprises approximately 2.4% of Ardmore Road Asset Management LP’s investment portfolio, making the stock its 15th largest position. Ardmore Road Asset Management LP’s holdings in JD.com were worth $29,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in JD.com during the second quarter worth $37,000. Allworth Financial LP grew its stake in JD.com by 158.4% in the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after buying an additional 830 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of JD.com by 54.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,786 shares of the information services provider’s stock worth $58,000 after acquiring an additional 630 shares during the period. MAI Capital Management grew its holdings in JD.com by 153.3% during the 2nd quarter. MAI Capital Management now owns 1,905 shares of the information services provider’s stock valued at $62,000 after buying an additional 1,153 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in JD.com by 22.2% during the 1st quarter. Harbour Investments Inc. now owns 2,720 shares of the information services provider’s stock worth $112,000 after acquiring an additional 494 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JD shares. Benchmark decreased their price objective on shares of JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Nomura lowered their price target on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a report on Monday, November 17th. Citigroup initiated coverage on shares of JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Susquehanna restated a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Finally, Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $40.43.

JD.com Stock Performance

JD stock opened at $29.90 on Friday. The stock’s fifty day moving average price is $32.12 and its 200-day moving average price is $32.44. The company has a market cap of $42.83 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 6.69 and a beta of 0.40. JD.com, Inc. has a 1 year low of $28.21 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The firm had revenue of $41.98 billion for the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter in the prior year, the business earned $8.68 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities analysts forecast that JD.com, Inc. will post 3.91 earnings per share for the current year.

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.