Westwood Holdings Group Inc. Purchases New Position in JD.com, Inc. (NASDAQ:JD)

Westwood Holdings Group Inc. bought a new position in shares of JD.com, Inc. (NASDAQ:JD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 120,594 shares of the information services provider’s stock, valued at approximately $3,116,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FIL Ltd boosted its position in shares of 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 acquiring an additional 3,441,605 shares in the last quarter. Lazard Asset Management LLC raised 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 buying an additional 1,368,356 shares during the last quarter. Discerene Group LP raised its stake in JD.com by 66.0% during the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after buying an additional 2,207,619 shares during the last quarter. Federated Hermes Inc. grew its holdings 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 worth $110,601,000 after purchasing an additional 603,211 shares during the period. Finally, Aspex Management HK Ltd acquired a new stake in JD.com in the fourth quarter worth $114,009,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

Shares of JD.com stock opened at $28.55 on Monday. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $35.69. The stock has a market capitalization of $45.03 billion, a price-to-earnings ratio of 13.04 and a beta of 0.39. The company has a fifty day moving average of $26.56 and a 200-day moving average of $27.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last announced its quarterly earnings data 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 net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that JD.com, Inc. will post 3.74 EPS for the current year.

Analyst Ratings Changes

JD has been the subject of a number of analyst reports. 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 report on Friday, August 16th. Loop Capital lowered their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Susquehanna reissued a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Benchmark lowered their price target on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, Barclays reduced their price objective on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.93.

JD.com 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.