Rockefeller Capital Management L.P. Buys 56,829 Shares of JD.com, Inc. $JD

Rockefeller Capital Management L.P. raised its stake in shares of JD.com, Inc. (NASDAQ:JD) by 132.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 99,858 shares of the information services provider’s stock after buying an additional 56,829 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in JD.com were worth $2,866,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in JD. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of JD.com by 0.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock worth $1,633,000 after acquiring an additional 354 shares during the last quarter. Synergy Financial Group LTD boosted its stake in JD.com by 4.5% in the 4th quarter. Synergy Financial Group LTD now owns 8,763 shares of the information services provider’s stock worth $251,000 after purchasing an additional 378 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in JD.com by 2.9% in the 4th quarter. Texas Yale Capital Corp. now owns 14,008 shares of the information services provider’s stock worth $402,000 after purchasing an additional 400 shares in the last quarter. Prelude Capital Management LLC grew its position in JD.com by 1.0% during the 3rd quarter. Prelude Capital Management LLC now owns 40,403 shares of the information services provider’s stock valued at $1,413,000 after purchasing an additional 403 shares during the last quarter. Finally, Rahlfs Capital LLC increased its stake in JD.com by 5.7% during the 3rd quarter. Rahlfs Capital LLC now owns 7,550 shares of the information services provider’s stock valued at $264,000 after purchasing an additional 410 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Price Performance

JD.com stock opened at $25.39 on Monday. JD.com, Inc. has a one year low of $24.51 and a one year high of $36.86. The stock has a fifty day moving average of $29.63 and a 200 day moving average of $28.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market cap of $31.69 billion, a PE ratio of 19.84 and a beta of 0.39.

JD.com (NASDAQ:JD) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. As a group, sell-side analysts predict that JD.com, Inc. will post 2.71 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on JD. Arete Research set a $37.00 target price on shares of JD.com in a report on Friday, April 17th. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Benchmark raised their price target on shares of JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. UBS Group restated a “buy” rating on shares of JD.com in a report on Friday, March 6th. Finally, Citigroup upped their price objective on JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.62.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.