200,000 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Mount Lucas Management LP

Mount Lucas Management LP purchased a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 200,000 shares of the information services provider's stock, valued at approximately $8,000,000. JD.com accounts for about 2.7% of Mount Lucas Management LP's investment portfolio, making the stock its 4th biggest holding.

A number of other large investors also recently bought and sold shares of JD. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com in the second quarter valued at approximately $28,000. Huntington National Bank boosted its position in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock worth $74,000 after buying an additional 452 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of JD.com by 812.1% in the first 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. Blue Trust Inc. raised its stake in shares of JD.com by 295.7% in the third 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. Finally, Wolverine Asset Management LLC acquired a new stake in shares of JD.com in the third quarter valued at $183,000. Institutional investors and hedge funds own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on JD shares. JPMorgan Chase & Co. raised their price target on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 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 report on Monday, October 21st. Benchmark reiterated a "buy" rating and set a $47.00 target price on shares of JD.com in a research report on Friday. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Finally, Citigroup lowered their price target on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.36.

JD.com Trading Up 4.9 %

JD traded up $1.65 during trading on Friday, hitting $35.00. The company's stock had a trading volume of 17,140,243 shares, compared to its average volume of 12,886,192. The firm's 50 day moving average price is $37.35 and its 200-day moving average price is $31.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The stock has a market cap of $55.20 billion, a PE ratio of 11.08, a PEG ratio of 0.39 and a beta of 0.41. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82.

JD.com (NASDAQ:JD - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 3.12% and a return on equity of 14.70%. The company had revenue of $291.40 billion during the quarter, compared to analysts' expectations of $291.01 billion. During the same period in the previous year, the company earned $0.68 EPS. The business's quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts expect 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.