Handelsbanken Fonder AB Has $27.86 Million Stake in JD.com, Inc. (NASDAQ:JD)

Handelsbanken Fonder AB grew its stake in JD.com, Inc. (NASDAQ:JD) by 28.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 696,507 shares of the information services provider’s stock after purchasing an additional 155,455 shares during the period. Handelsbanken Fonder AB’s holdings in JD.com were worth $27,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JD. Atlas Capital Advisors LLC acquired a new stake in JD.com in the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC bought a new stake in JD.com during the 1st quarter worth $58,000. Advisors Preferred LLC acquired a new position in JD.com in the 1st quarter worth about $126,000. Finally, Unique Wealth Strategies LLC bought a new position in JD.com in the second quarter valued at about $172,000. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JD shares. Benchmark reduced their price target on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Barclays reduced their target price on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Sanford C. Bernstein dropped their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Loop Capital reduced 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 note on Friday, June 21st. Finally, JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.00 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

JD.com Trading Up 5.3 %

NASDAQ JD traded up $2.37 during trading hours on Friday, hitting $46.97. 30,072,361 shares of the company’s stock were exchanged, compared to its average volume of 14,840,209. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.00. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $29.14 and a 200 day simple moving average of $28.78. The firm has a market cap of $74.08 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 0.45 and a beta of 0.42.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion during 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%. JD.com’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. On average, equities analysts forecast that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

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.