SRN Advisors LLC Boosts Stock Position in JD.com, Inc. (NASDAQ:JD)

SRN Advisors LLC increased its stake in shares of JD.com, Inc. (NASDAQ:JD) by 89.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,644 shares of the information services provider’s stock after purchasing an additional 26,726 shares during the quarter. JD.com makes up approximately 1.2% of SRN Advisors LLC’s holdings, making the stock its 26th largest holding. SRN Advisors LLC’s holdings in JD.com were worth $1,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. FIL Ltd grew its holdings in JD.com by 124.3% in the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after buying an additional 3,441,605 shares during the period. Contrarius Investment Management Ltd purchased a new stake in JD.com in the 4th quarter valued at about $9,384,000. Canada Pension Plan Investment Board grew its holdings in JD.com by 9.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after buying an additional 129,763 shares during the period. Carmignac Gestion grew its holdings 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 period. Finally, GSA Capital Partners LLP grew its holdings in JD.com by 234.0% in the 4th quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock valued at $3,063,000 after buying an additional 74,269 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 0.3 %

Shares of JD traded down $0.08 during trading on Friday, reaching $25.16. The company’s stock had a trading volume of 7,902,652 shares, compared to its average volume of 8,463,463. The company has a fifty day moving average of $27.79 and a two-hundred day moving average of $26.98. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $40.15. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 11.49 and a beta of 0.39. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The company had revenue of $36.02 billion for the quarter, compared to analyst estimates of $35.75 billion. On average, sell-side analysts predict that JD.com, Inc. will post 3.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JD has been the subject of several recent analyst reports. Mizuho lifted their price target on JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 17th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of JD.com in a research note on Friday, May 17th. JPMorgan Chase & Co. lifted their price objective on JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Barclays reduced their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, Macquarie raised JD.com from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $26.00 to $40.00 in a research note on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.13.

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.