JD.com, Inc. (NASDAQ:JD) Shares Acquired by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in JD.com, Inc. (NASDAQ:JD) by 28.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 743,000 shares of the information services provider’s stock after purchasing an additional 163,000 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in JD.com were worth $19,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in shares of JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of JD.com by 2.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after purchasing an additional 719 shares during the period. Texas Yale Capital Corp. lifted its stake in shares of JD.com by 5.8% in the 1st quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock valued at $383,000 after purchasing an additional 760 shares in the last quarter. Henry James International Management Inc. grew its holdings in shares of JD.com by 3.6% during the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock worth $626,000 after purchasing an additional 786 shares during the period. Finally, V Square Quantitative Management LLC increased its position in JD.com by 4.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after purchasing an additional 797 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $33.90 on Wednesday. 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 firm has a market capitalization of $53.46 billion, a PE ratio of 15.48, a P/E/G ratio of 0.45 and a beta of 0.39. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $35.69. The business’s fifty day moving average price is $26.76 and its two-hundred day moving average price is $28.01.

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

Wall Street Analysts Forecast Growth

JD has been the subject of several recent research reports. Loop Capital dropped their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Barclays cut their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th. Sanford C. Bernstein dropped their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $33.00 to $36.00 in a research note on Friday, August 16th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.