River & Mercantile Asset Management LLP Acquires 58,670 Shares of JD.Com Inc (JD)

River & Mercantile Asset Management LLP lifted its holdings in shares of JD.Com Inc (NASDAQ:JD) by 46.6% during the 3rd quarter, Holdings Channel reports. The firm owned 184,641 shares of the information services provider’s stock after buying an additional 58,670 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in JD.Com were worth $4,818,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Neuburgh Advisers LLC bought a new position in shares of JD.Com during the 2nd quarter valued at $102,000. Glen Harbor Capital Management LLC bought a new position in shares of JD.Com during the 2nd quarter valued at $140,000. Riverhead Capital Management LLC bought a new stake in JD.Com in the 2nd quarter worth $160,000. Centaurus Financial Inc. grew its holdings in JD.Com by 57.1% in the 2nd quarter. Centaurus Financial Inc. now owns 4,417 shares of the information services provider’s stock worth $172,000 after acquiring an additional 1,606 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in JD.Com in the 3rd quarter worth $130,000. 47.24% of the stock is currently owned by institutional investors.

NASDAQ:JD opened at $20.93 on Friday. JD.Com Inc has a 12 month low of $19.21 and a 12 month high of $50.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.57. The stock has a market capitalization of $25.56 billion, a PE ratio of 2,093.00 and a beta of 1.37.

JD.Com (NASDAQ:JD) last posted its earnings results on Monday, November 19th. The information services provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). JD.Com had a negative return on equity of 2.40% and a net margin of 0.31%. The company had revenue of $104.77 billion during the quarter, compared to analysts’ expectations of $105.93 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, research analysts forecast that JD.Com Inc will post 0.02 earnings per share for the current year.

A number of equities research analysts have issued reports on JD shares. KeyCorp cut their price target on shares of JD.Com from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Stifel Nicolaus cut their price target on shares of JD.Com from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Benchmark cut their price target on shares of JD.Com from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Nomura cut their price target on shares of JD.Com from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, UBS Group cut their price target on shares of JD.Com from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. JD.Com has an average rating of “Hold” and a consensus target price of $35.19.

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JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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