JD.com, Inc. (NASDAQ:JD) is Oaktree Fund Advisors LLC’s 5th Largest Position

Oaktree Fund Advisors LLC increased its stake in JD.com, Inc. (NASDAQ:JD) by 35.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,166 shares of the information services provider’s stock after buying an additional 86,573 shares during the period. JD.com comprises about 8.0% of Oaktree Fund Advisors LLC’s investment portfolio, making the stock its 5th largest position. Oaktree Fund Advisors LLC’s holdings in JD.com were worth $8,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in JD. FIL Ltd lifted its holdings in JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after buying an additional 3,441,605 shares during the last quarter. Lazard Asset Management LLC lifted its stake in JD.com by 30.7% during the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after purchasing an additional 1,368,356 shares during the last quarter. Discerene Group LP boosted its holdings in JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after purchasing an additional 2,207,619 shares during the period. Federated Hermes Inc. increased its stake in JD.com by 16.4% during the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new stake in shares of JD.com during the fourth quarter worth $114,009,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JD shares. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Friday. Benchmark decreased their target price on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 16th. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Sanford C. Bernstein reduced their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.93.

JD.com Trading Down 0.7 %

JD.com stock opened at $28.55 on Friday. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $35.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The stock has a market capitalization of $45.03 billion, a PE ratio of 13.04 and a beta of 0.39. The firm has a 50 day simple moving average of $26.56 and a 200-day simple moving average of $27.84.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The firm had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same period last year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

JD.com Company 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.