Future Fund LLC Invests $726,000 in JD.com, Inc. (NASDAQ:JD)

Future Fund LLC bought a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,945 shares of the information services provider's stock, valued at approximately $726,000. JD.com makes up approximately 2.2% of Future Fund LLC's holdings, making the stock its 24th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new stake in shares of JD.com in the 2nd quarter worth about $28,000. Allspring Global Investments Holdings LLC raised its position in JD.com by 812.1% in 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 buying an additional 1,681 shares during the last quarter. Blue Trust Inc. lifted its stake in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock valued at $126,000 after acquiring an additional 2,360 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in JD.com during the 2nd quarter worth $172,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of JD.com in the 3rd quarter worth $183,000. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of JD.com stock traded down $0.52 on Wednesday, reaching $35.58. The stock had a trading volume of 12,168,641 shares, compared to its average volume of 14,896,910. The business's 50 day moving average is $36.85 and its two-hundred day moving average is $31.44. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The company has a market cap of $56.11 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41.

JD.com (NASDAQ:JD - Get Free Report) last posted its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to analysts' expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. As a group, research analysts anticipate that JD.com, Inc. will post 3.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Sanford C. Bernstein cut their price target on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating on the stock in a report on Friday, August 16th. Loop Capital upgraded JD.com from a "hold" rating to a "buy" rating and cut their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Barclays boosted their price objective on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.71.

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.