Central Asset Investments & Management Holdings HK Ltd Takes $1.85 Million Position in JD.com, Inc. (NASDAQ:JD)

Central Asset Investments & Management Holdings HK Ltd acquired a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 46,200 shares of the information services provider's stock, valued at approximately $1,848,000. JD.com makes up about 1.8% of Central Asset Investments & Management Holdings HK Ltd's holdings, making the stock its 14th largest holding.

A number of other large investors also recently bought and sold shares of JD. Huntington National Bank increased its position in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock valued at $74,000 after acquiring an additional 452 shares during the period. SRN Advisors LLC grew its position in JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider's stock worth $1,288,000 after purchasing an additional 516 shares during the period. Panagora Asset Management Inc. grew its position in JD.com by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider's stock worth $676,000 after purchasing an additional 719 shares during the period. V Square Quantitative Management LLC grew its position in JD.com by 4.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider's stock worth $447,000 after purchasing an additional 797 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of JD.com by 3.1% during the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider's stock valued at $1,172,000 after acquiring an additional 889 shares during the period. Institutional investors own 15.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JD shares. JPMorgan Chase & Co. raised their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Benchmark reiterated a "buy" rating and issued a $47.00 price objective on shares of JD.com in a report on Friday. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Susquehanna reiterated a "neutral" rating and issued a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Finally, Citigroup lowered their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JD.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.36.

JD.com Stock Performance

NASDAQ JD traded up $1.65 during trading hours on Friday, hitting $35.00. 17,140,243 shares of the stock were exchanged, compared to its average volume of 15,009,837. The company has a market cap of $55.20 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. The stock has a 50-day moving average of $37.35 and a 200 day moving average of $31.52. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD - Get Free Report) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $291.01 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that JD.com, Inc. will post 3.74 earnings per share for the current 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.