JD.com, Inc. $JD Holdings Raised by North of South Capital LLP

Key Points

• North of South Capital increased its JD.com stake by 29% in the third quarter, adding about 1.93 million shares to hold 8.59 million shares worth approximately $228.6 million.
• JD.com reported quarterly EPS of $0.93, beating the $0.86 consensus, and revenue of $50.99 billion, above estimates; revenue nevertheless declined 2.9% year over year.
• Analysts’ average rating was Moderate Buy, with an average price target of $35.33. Shares traded at $27.91 in Friday’s mid-day session.

North of South Capital LLP increased its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 29.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,594,959 shares of the information services provider's stock after acquiring an additional 1,933,114 shares during the quarter. JD.com makes up 15.8% of North of South Capital LLP's investment portfolio, making the stock its 2nd largest position. North of South Capital LLP owned approximately 0.69% of JD.com worth $228,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Aberdeen Group plc boosted its stake in shares of JD.com by 1,280.1% during the third quarter. Aberdeen Group plc now owns 389,163 shares of the information services provider's stock valued at $10,352,000 after purchasing an additional 360,964 shares during the period. Allworth Financial LP grew its holdings in shares of JD.com by 20.4% in the third quarter. Allworth Financial LP now owns 2,792 shares of the information services provider's stock worth $71,000 after purchasing an additional 473 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of JD.com by 2.8% in the third quarter. Ritholtz Wealth Management now owns 94,241 shares of the information services provider's stock worth $2,507,000 after buying an additional 2,582 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of JD.com by 13.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,413 shares of the information services provider's stock worth $433,000 after buying an additional 1,998 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in JD.com during the 3rd quarter valued at $242,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Up 1.5%

Shares of JD traded up $0.42 during mid-day trading on Friday, hitting $27.91. 6,494,496 shares of the company's stock traded hands, compared to its average volume of 8,992,577. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $34.30. The firm has a market capitalization of $34.84 billion, a P/E ratio of 19.38 and a beta of 0.30. The business's 50-day moving average price is $26.87 and its 200-day moving average price is $28.51.

JD.com (NASDAQ:JD - Get Free Report) last announced its earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The company had revenue of $50.99 billion during the quarter, compared to the consensus estimate of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.97 earnings per share. As a group, sell-side analysts forecast that JD.com, Inc. will post 2.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Arete Research cut shares of JD.com from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a research report on Monday, September 7th. Mizuho set a $39.00 price objective on shares of JD.com in a research report on Friday, August 14th. Weiss Ratings upgraded shares of JD.com from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, November 9th. Susquehanna lowered their price objective on shares of JD.com from $35.00 to $30.00 and set a "neutral" rating for the company in a research note on Monday, August 17th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a report on Friday, August 14th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $35.33.

JD.com Profile

JD.com, Inc. is a China-based technology and e-commerce company that operates an online retail platform. It sells a broad range of products, including electronics, home appliances, apparel, groceries and household goods, through direct sales and marketplace services that connect customers with third-party merchants. The company also provides logistics and supply-chain services through its JD Logistics business, including warehousing, delivery and fulfillment for JD.com and other businesses. Its operations are centered in China, and it serves customers in selected international markets through cross-border commerce and other services.

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.