Handelsbanken Fonder AB Boosts Stake in JD.com, Inc. $JD

Handelsbanken Fonder AB boosted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 20.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 477,000 shares of the information services provider’s stock after buying an additional 80,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in JD.com were worth $12,154,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of JD. SIH Partners LLLP raised its stake in shares of JD.com by 74.1% in the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock worth $143,255,000 after buying an additional 2,125,212 shares during the period. SG Americas Securities LLC raised its stake in JD.com by 139.0% during the 1st quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock worth $128,181,000 after acquiring an additional 2,521,045 shares during the period. North of South Capital LLP raised its stake in JD.com by 4.4% during the 4th quarter. North of South Capital LLP now owns 4,253,012 shares of the information services provider’s stock worth $122,061,000 after acquiring an additional 180,081 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in JD.com by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,250,324 shares of the information services provider’s stock valued at $121,984,000 after purchasing an additional 562,894 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of JD.com by 15.9% in the fourth quarter. Federated Hermes Inc. now owns 2,619,476 shares of the information services provider’s stock worth $75,179,000 after purchasing an additional 359,103 shares during the period. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JD shares. Barclays decreased their price objective on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Nomura increased their price target on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wall Street Zen raised JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Morgan Stanley upped their price objective on JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 13th. Finally, Arete Research set a $37.00 target price on JD.com in a research report on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.42.

More JD.com News

Here are the key news stories impacting JD.com this week:

• Positive Sentiment: JD.com reported second-quarter EPS of $0.92, exceeding the $0.86 consensus estimate, while revenue of $50.99 billion topped forecasts of $50.38 billion. JD.com quarterly earnings results
• Positive Sentiment: Profitability improved, with record retail margins, stronger free cash flow and a reported 21% increase in profit. Losses at the food-delivery operation also narrowed as competitive pressure from Alibaba and Meituan eased. JD.com profit and food-delivery results
• Positive Sentiment: The extended 618 shopping festival helped JD.com exceed revenue expectations, while investments in logistics, international operations and artificial intelligence could support longer-term growth. Reuters JD.com quarterly results
• Neutral Sentiment: JD.com is expanding direct sourcing of Korean consumer products through a new Korean sourcing unit, a move that may broaden its product offering but is unlikely to materially affect near-term results. JD.com Korean sourcing expansion
• Negative Sentiment: Quarterly revenue fell 2.9% year over year to $50.99 billion, breaking a 12-year growth streak and signaling weaker consumer demand. Investors viewed the top-line contraction as more important than the earnings and revenue beats. JD.com revenue growth streak ends
• Negative Sentiment: Zacks Research downgraded JD.com from “strong buy” to “hold,” adding to the cautious reaction following the results. Zacks Research

JD.com Stock Performance

JD opened at $29.30 on Friday. 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 capitalization of $36.57 billion, a price-to-earnings ratio of 22.89 and a beta of 0.38. The company has a fifty day moving average of $29.13 and a 200 day moving average of $29.06. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $36.86.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The business had revenue of $45.79 billion for the quarter. As a group, sell-side analysts forecast that JD.com, Inc. will post 2.78 earnings per share for the current fiscal year.

JD.com 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.