JD.Com Inc (NASDAQ:JD) Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. grew its position in JD.Com Inc (NASDAQ:JD) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,841 shares of the information services provider’s stock after buying an additional 7,100 shares during the quarter. Shell Asset Management Co.’s holdings in JD.Com were worth $6,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. National Asset Management Inc. grew its stake in shares of JD.Com by 178.3% in the first quarter. National Asset Management Inc. now owns 33,700 shares of the information services provider’s stock valued at $1,365,000 after buying an additional 21,589 shares in the last quarter. Fox Run Management L.L.C. grew its stake in shares of JD.Com by 28.5% in the first quarter. Fox Run Management L.L.C. now owns 14,492 shares of the information services provider’s stock valued at $587,000 after buying an additional 3,212 shares in the last quarter. AGF Investments Inc. grew its stake in JD.Com by 93.6% during the 1st quarter. AGF Investments Inc. now owns 67,772 shares of the information services provider’s stock worth $2,745,000 after purchasing an additional 32,772 shares in the last quarter. Apollon Wealth Management LLC grew its stake in JD.Com by 16.2% during the 1st quarter. Apollon Wealth Management LLC now owns 28,139 shares of the information services provider’s stock worth $1,140,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC acquired a new position in JD.Com during the 1st quarter worth $918,000. 40.47% of the stock is owned by institutional investors and hedge funds.

Shares of JD.Com stock traded down $2.67 on Friday, hitting $49.90. The stock had a trading volume of 22,444,603 shares, compared to its average volume of 17,519,270. JD.Com Inc has a 52-week low of $25.48 and a 52-week high of $56.50. The company has a current ratio of 1.06, a quick ratio of 0.58 and a debt-to-equity ratio of 0.20. The stock has a market cap of $76.69 billion, a price-to-earnings ratio of 89.11, a P/E/G ratio of 1.40 and a beta of 0.89. The company’s 50 day moving average price is $45.12 and its 200 day moving average price is $39.27.

JD.Com (NASDAQ:JD) last posted its earnings results on Monday, March 2nd. The information services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.57. JD.Com had a return on equity of 8.19% and a net margin of 0.99%. The business had revenue of $170.68 billion during the quarter, compared to the consensus estimate of $166.73 billion. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was up 26.6% on a year-over-year basis. Analysts predict that JD.Com Inc will post 0.85 EPS for the current fiscal year.

Several research firms recently commented on JD. Goldman Sachs Group boosted their target price on JD.Com from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. ValuEngine cut JD.Com from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Citigroup boosted their target price on JD.Com from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Nomura boosted their target price on JD.Com from $54.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Barclays boosted their target price on JD.Com from $50.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. JD.Com has a consensus rating of “Buy” and a consensus target price of $52.93.

About JD.Com

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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

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