Morningstar Investment Services LLC Has $7.63 Million Holdings in JD.com, Inc. (NASDAQ:JD)

Morningstar Investment Services LLC grew its position in JD.com, Inc. (NASDAQ:JDFree Report) by 105.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,442 shares of the information services provider’s stock after acquiring an additional 137,450 shares during the period. Morningstar Investment Services LLC’s holdings in JD.com were worth $7,625,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Morgan Stanley lifted its position in shares of JD.com by 15.8% during the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock worth $270,267,000 after purchasing an additional 1,265,995 shares in the last quarter. National Bank of Canada FI increased its stake in shares of JD.com by 292.4% in the 4th quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after buying an additional 3,305,956 shares during the period. Federated Hermes Inc. raised its position in shares of JD.com by 26.7% during the fourth quarter. Federated Hermes Inc. now owns 2,912,109 shares of the information services provider’s stock worth $84,131,000 after acquiring an additional 613,126 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of JD.com by 3.1% during the third quarter. Wellington Management Group LLP now owns 2,451,549 shares of the information services provider’s stock valued at $71,414,000 after acquiring an additional 72,595 shares during the period. Finally, Oaktree Capital Management LP increased its position in JD.com by 27.3% in the fourth quarter. Oaktree Capital Management LP now owns 2,172,898 shares of the information services provider’s stock worth $62,775,000 after purchasing an additional 465,988 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Performance

Shares of JD.com stock opened at $29.33 on Friday. The company’s 50 day moving average price is $29.63 and its two-hundred day moving average price is $26.88. The firm has a market capitalization of $46.26 billion, a P/E ratio of 13.39 and a beta of 0.46. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88.

JD.com (NASDAQ:JDGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.17. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The company had revenue of $36.02 billion during the quarter, compared to the consensus estimate of $35.75 billion. On average, equities analysts forecast that JD.com, Inc. will post 3.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Nomura dropped their price objective on JD.com from $36.00 to $33.00 in a report on Friday, April 5th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 29th. HSBC upped their target price on shares of JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Bank of America boosted their price target on shares of JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Mizuho raised their price objective on JD.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and an average target price of $37.47.

Read Our Latest Stock Analysis on JD.com

JD.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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