Toronto Dominion Bank Has $159,000 Holdings in JD.com, Inc. (NASDAQ:JD)

Toronto Dominion Bank decreased its position in shares of JD.com, Inc. (NASDAQ:JD) by 16.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,146 shares of the information services provider’s stock after selling 1,195 shares during the period. Toronto Dominion Bank’s holdings in JD.com were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Aspex Management HK Ltd bought a new stake in JD.com during the 4th quarter worth about $114,009,000. FIL Ltd lifted its position in shares of JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after purchasing an additional 3,441,605 shares in the last quarter. Discerene Group LP grew its stake in shares of 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 valued at $152,147,000 after purchasing an additional 2,207,619 shares during the last quarter. Polunin Capital Partners Ltd acquired a new stake in shares of JD.com in the first quarter valued at approximately $41,477,000. Finally, Lazard Asset Management LLC raised its position in JD.com by 30.7% in 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 purchasing an additional 1,368,356 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

NASDAQ JD opened at $42.93 on Wednesday. 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 stock has a market cap of $67.71 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 0.45 and a beta of 0.39. The business has a 50 day simple moving average of $27.99 and a 200 day simple moving average of $28.42. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $43.00.

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

Analysts Set New Price Targets

A number of analysts recently commented on JD shares. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Barclays dropped their price target 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. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Monday. Loop Capital dropped their target price 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. Finally, Sanford C. Bernstein cut their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Four 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 stock. According to MarketBeat, the company currently has an average 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.