190,441 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by Regal Partners Ltd

Regal Partners Ltd purchased a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 190,441 shares of the information services provider's stock, valued at approximately $7,618,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. Angeles Investment Advisors LLC purchased a new position in JD.com during the 3rd quarter valued at about $208,000. Future Fund LLC acquired a new stake in shares of JD.com during the 3rd quarter valued at $726,000. Victory Capital Management Inc. grew its holdings in shares of JD.com by 681.8% during the 3rd quarter. Victory Capital Management Inc. now owns 200,629 shares of the information services provider's stock valued at $8,025,000 after acquiring an additional 174,966 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of JD.com in the third quarter worth $1,174,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of JD.com during the third quarter worth $183,000. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Trading Down 6.6 %

Shares of JD stock traded down $2.34 on Thursday, reaching $33.35. The company had a trading volume of 30,392,731 shares, compared to its average volume of 14,998,096. The stock has a market cap of $52.60 billion, a PE ratio of 12.19, a PEG ratio of 0.40 and a beta of 0.41. The company has a 50-day moving average of $37.03 and a 200-day moving average of $31.47. 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 12 month low of $20.82 and a 12 month high of $47.82.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on JD shares. Benchmark reaffirmed a "buy" rating and set a $47.00 price objective on shares of JD.com in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Susquehanna reissued a "neutral" rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Finally, Sanford C. Bernstein lowered their price objective on JD.com from $35.00 to $32.00 and set a "market perform" rating on the stock in a report on Friday, August 16th. Three 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.71.

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.