M&G Plc Reduces Holdings in JD.com, Inc. (NASDAQ:JD)

M&G Plc lowered its position in JD.com, Inc. (NASDAQ:JD) by 0.2% in the 2nd quarter, Holdings Channel reports. The firm owned 847,089 shares of the information services provider’s stock after selling 1,812 shares during the quarter. M&G Plc’s holdings in JD.com were worth $22,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FIL Ltd grew its stake in JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after purchasing an additional 3,441,605 shares in the last quarter. Contrarius Investment Management Ltd bought a new stake in shares of JD.com in the fourth quarter valued at about $9,384,000. Canada Pension Plan Investment Board raised its holdings in shares of JD.com by 9.8% in the first 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 acquiring an additional 129,763 shares in the last quarter. Carmignac Gestion lifted its stake in JD.com by 3.1% in the fourth quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock worth $27,874,000 after acquiring an additional 29,159 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of 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 purchasing an additional 74,269 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on JD. Barclays cut their price objective on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Loop Capital decreased their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, June 21st. The Goldman Sachs Group assumed coverage on JD.com in a research note on Thursday, April 25th. They set a “buy” rating and a $37.00 price objective for the company. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $26.00 to $40.00 in a report on Friday, May 17th. Finally, Sanford C. Bernstein raised their price target on shares of JD.com from $28.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, May 17th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average target price of $37.13.

JD.com Trading Up 0.2 %

NASDAQ:JD opened at $26.13 on Wednesday. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $36.96. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $27.20 and its 200-day simple moving average is $27.15. The firm has a market cap of $41.21 billion, a P/E ratio of 11.93 and a beta of 0.39.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.56 by $0.17. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The company had revenue of $36.02 billion for the quarter, compared to analyst estimates of $35.75 billion. Equities analysts anticipate that JD.com, Inc. will post 3.15 EPS for the current year.

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.