Rockefeller Capital Management L.P. Increases Stake in JD.com, Inc. $JD

Rockefeller Capital Management L.P. lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 132.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 99,858 shares of the information services provider’s stock after purchasing an additional 56,829 shares during the period. Rockefeller Capital Management L.P.’s holdings in JD.com were worth $2,866,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Binnacle Investments Inc boosted its position in JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after buying an additional 589 shares during the period. Root Financial Partners LLC increased its holdings in shares of JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after buying an additional 1,020 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after buying an additional 815 shares during the period. EFG International AG bought a new stake in shares of JD.com in the 4th quarter valued at about $36,000. Finally, Inspire Investing LLC bought a new stake in shares of JD.com in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

JD has been the topic of several recent research reports. Weiss Ratings lowered JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Sanford C. Bernstein raised their target price on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. UBS Group reaffirmed a “buy” rating on shares of JD.com in a research note on Friday, March 6th. Finally, Daiwa Securities Group reaffirmed a “hold” rating and issued a $27.00 target price on shares of JD.com in a research note on Tuesday, June 23rd. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.62.

JD.com Stock Performance

Shares of JD.com stock opened at $25.39 on Monday. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $36.86. The firm has a market capitalization of $31.69 billion, a P/E ratio of 19.84 and a beta of 0.39. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $29.63 and a two-hundred day simple moving average of $28.92.

JD.com (NASDAQ:JD) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The firm had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. On average, equities analysts forecast that JD.com, Inc. will post 2.71 earnings per share for the current fiscal year.

JD.com 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.