M&G Plc Takes $22.92 Million Position in JD.com, Inc. (NASDAQ:JD)

M&G Plc purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 848,901 shares of the information services provider’s stock, valued at approximately $22,920,000. M&G Plc owned 0.05% of JD.com at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of JD.com by 10.8% during the fourth quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock valued at $12,734,000 after purchasing an additional 43,175 shares during the period. FIL Ltd increased its stake in JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after buying an additional 3,441,605 shares during the period. Contrarius Investment Management Ltd acquired a new position in JD.com in the 4th quarter worth $9,384,000. Carmignac Gestion boosted its position in JD.com by 3.1% in the 4th quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock valued at $27,874,000 after buying an additional 29,159 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of JD.com by 234.0% during the fourth quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock valued at $3,063,000 after acquiring an additional 74,269 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JD shares. Nomura decreased their price target on shares of JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Bank of America boosted their target price on shares of JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 29th. Barclays lowered their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 target price on shares of JD.com in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average target price of $37.13.

JD.com Price Performance

Shares of JD.com stock traded down $0.02 on Friday, hitting $26.26. The company had a trading volume of 4,797,772 shares, compared to its average volume of 9,155,270. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. The company has a market cap of $41.42 billion, a PE ratio of 11.99 and a beta of 0.39. The business has a 50-day simple moving average of $29.21 and a 200-day simple moving average of $26.94.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.17. The business had revenue of $36.02 billion during the quarter, compared to analyst estimates of $35.75 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. Research analysts expect that JD.com, Inc. will post 3.15 EPS for the current fiscal year.

JD.com Company 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.