18,500 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,500 shares of the information services provider’s stock, valued at approximately $740,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Leuthold Group LLC grew its stake in shares of JD.com by 54.6% in the third quarter. Leuthold Group LLC now owns 14,899 shares of the information services provider’s stock worth $596,000 after acquiring an additional 5,263 shares during the last quarter. SRN Advisors LLC boosted its stake in JD.com by 1.6% in the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after purchasing an additional 516 shares in the last quarter. Polunin Capital Partners Ltd grew its position in JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after purchasing an additional 447,264 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in JD.com by 18.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider’s stock valued at $468,000 after purchasing an additional 1,830 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in JD.com in the third quarter worth about $226,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of NASDAQ JD opened at $41.14 on Wednesday. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. The firm has a 50 day moving average of $34.28 and a 200 day moving average of $30.56. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $64.88 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 0.61 and a beta of 0.42.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. On average, research analysts anticipate that JD.com, Inc. will post 3.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JD. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Tuesday, October 15th. Susquehanna reissued a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

JD.com 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.