238,633 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Kamunting Street Capital Management L.P.

Kamunting Street Capital Management L.P. acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 238,633 shares of the information services provider’s stock, valued at approximately $6,166,000. JD.com accounts for 5.7% of Kamunting Street Capital Management L.P.’s investment portfolio, making the stock its 6th biggest holding.

A number of other large investors have also recently bought and sold shares of the company. FIL Ltd increased its stake in shares of JD.com by 124.3% in the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of JD.com by 30.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after buying an additional 1,368,356 shares during the last quarter. Discerene Group LP boosted its stake 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 valued at $152,147,000 after buying an additional 2,207,619 shares in the last quarter. Federated Hermes Inc. grew its position in JD.com by 16.4% in 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 acquiring an additional 603,211 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new position in JD.com during the fourth quarter worth about $114,009,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

NASDAQ:JD opened at $29.76 on Tuesday. The company has a market capitalization of $46.93 billion, a PE ratio of 13.59 and a beta of 0.39. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $35.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company has a 50 day simple moving average of $26.63 and a two-hundred day simple moving average of $27.94.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter last year, the firm earned $0.68 earnings per share. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Friday. Susquehanna restated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Loop Capital cut their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Finally, Benchmark lowered their target price on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average target price of $36.93.

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.