Alkeon Capital Management LLC Has $42.22 Million Stock Holdings in JD.com, Inc. $JD

Alkeon Capital Management LLC cut its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 41.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,471,173 shares of the information services provider’s stock after selling 1,052,629 shares during the period. Alkeon Capital Management LLC owned about 0.10% of JD.com worth $42,223,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JD. Brighton Jones LLC acquired a new stake in JD.com during the 4th quarter worth approximately $270,000. Empowered Funds LLC boosted its position in JD.com by 35.5% during the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock worth $800,000 after buying an additional 5,099 shares during the period. Focus Partners Wealth boosted its position in JD.com by 36.5% during the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after buying an additional 7,701 shares during the period. First Trust Advisors LP boosted its position in JD.com by 26.2% during the 2nd quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock worth $4,461,000 after buying an additional 28,339 shares during the period. Finally, NewEdge Advisors LLC boosted its position in JD.com by 22.4% during the 2nd quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock worth $2,147,000 after buying an additional 12,053 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JD has been the topic of several recent research reports. Citigroup lifted their target price on shares of JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Morgan Stanley lifted their target price on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. Susquehanna lifted their target price on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Bank of America restated a “buy” rating and set a $33.00 price target on shares of JD.com in a report on Thursday, March 5th. Finally, Benchmark raised their price target on shares of JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, JD.com has an average rating of “Moderate Buy” and a consensus price target of $38.50.

JD.com Stock Up 0.4%

JD.com stock opened at $28.68 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $36.86. The firm has a 50 day moving average price of $30.09 and a two-hundred day moving average price of $29.11. The firm has a market cap of $35.80 billion, a price-to-earnings ratio of 22.41 and a beta of 0.39.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The company had revenue of $45.79 billion during the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. Equities analysts predict that JD.com, Inc. will post 2.71 EPS for the current year.

About JD.com

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.