FengHe Fund Management Pte. Ltd. Increases Stock Position in JD.com, Inc. $JD

FengHe Fund Management Pte. Ltd. increased its holdings in JD.com, Inc. (NASDAQ:JD) by 106.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,000 shares of the information services provider’s stock after acquiring an additional 111,000 shares during the quarter. FengHe Fund Management Pte. Ltd.’s holdings in JD.com were worth $7,521,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JD. Nordea Investment Management AB raised its holdings in shares of JD.com by 2.3% in the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after buying an additional 13,755 shares during the last quarter. Exchange Traded Concepts LLC increased its position in JD.com by 42.6% in the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock valued at $3,780,000 after acquiring an additional 34,585 shares during the period. Perpetual Ltd raised its stake in JD.com by 2.4% during the 2nd quarter. Perpetual Ltd now owns 572,843 shares of the information services provider’s stock valued at $18,698,000 after acquiring an additional 13,587 shares during the last quarter. Range Financial Group LLC raised its stake in JD.com by 38.0% during the 2nd quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock valued at $1,532,000 after acquiring an additional 12,920 shares during the last quarter. Finally, Polunin Capital Partners Ltd lifted its position in JD.com by 1.8% during the 2nd quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider’s stock worth $66,638,000 after acquiring an additional 35,747 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD opened at $29.45 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 52-week low of $28.21 and a 52-week high of $46.44. The company has a 50-day simple moving average of $29.73 and a 200-day simple moving average of $31.78. The company has a market capitalization of $42.19 billion, a PE ratio of 10.02, a P/E/G ratio of 5.40 and a beta of 0.40.

JD.com (NASDAQ:JD) last issued its earnings results 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 company had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same period in the prior year, the business posted $8.68 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JD has been the topic of a number of recent research reports. HSBC reissued a “buy” rating and issued a $37.00 target price on shares of JD.com in a report on Monday, December 29th. Arete Research set a $32.00 price objective on shares of JD.com in a research note on Tuesday, December 9th. Sanford C. Bernstein restated an “outperform” rating and issued a $38.00 target price on shares of JD.com in a research note on Friday, November 14th. Zacks Research downgraded shares of JD.com from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, Benchmark cut their price target on shares of JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.