Assenagon Asset Management S.A. Purchases Shares of 1,050,561 JD.com, Inc. $JD

Assenagon Asset Management S.A. purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 1,050,561 shares of the information services provider’s stock, valued at approximately $36,749,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in JD.com during the 2nd quarter valued at $37,000. Union Bancaire Privee UBP SA increased its holdings in shares of JD.com by 136.0% during the third quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 680 shares during the period. Allworth Financial LP raised its stake in shares of JD.com by 158.4% during the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 830 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of JD.com by 54.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,786 shares of the information services provider’s stock valued at $58,000 after purchasing an additional 630 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in JD.com by 153.3% in the second quarter. MAI Capital Management now owns 1,905 shares of the information services provider’s stock worth $62,000 after purchasing an additional 1,153 shares during the period. 15.98% of the stock is owned by institutional investors.

JD.com Trading Up 0.7%

Shares of NASDAQ:JD opened at $28.80 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. The stock has a market capitalization of $41.26 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 6.44 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 50 day moving average price of $31.02 and a 200 day moving average price of $32.20.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $41.98 billion during the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.68 EPS. On average, research analysts anticipate that JD.com, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on JD. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a research note on Monday. Bank of America lowered their price objective on shares of JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $38.00 target price on shares of JD.com in a research report on Friday, November 14th. Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Finally, Arete downgraded JD.com from a “buy” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.14.

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.