JD.com, Inc. (NASDAQ:JD) Holdings Raised by US Bancorp DE

US Bancorp DE lifted its stake in shares of JD.com, Inc. (NASDAQ:JDGet Rating) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,414 shares of the information services provider’s stock after purchasing an additional 1,150 shares during the quarter. US Bancorp DE’s holdings in JD.com were worth $624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Veriti Management LLC raised its position in JD.com by 2.6% in the second quarter. Veriti Management LLC now owns 7,906 shares of the information services provider’s stock worth $508,000 after acquiring an additional 197 shares in the last quarter. Glassman Wealth Services raised its position in JD.com by 95.9% in the second quarter. Glassman Wealth Services now owns 474 shares of the information services provider’s stock worth $30,000 after acquiring an additional 232 shares in the last quarter. Selective Wealth Management Inc. raised its position in JD.com by 43.5% in the second quarter. Selective Wealth Management Inc. now owns 825 shares of the information services provider’s stock worth $53,000 after acquiring an additional 250 shares in the last quarter. Allworth Financial LP raised its position in JD.com by 99.3% in the second quarter. Allworth Financial LP now owns 578 shares of the information services provider’s stock worth $37,000 after acquiring an additional 288 shares in the last quarter. Finally, Marietta Investment Partners LLC raised its position in JD.com by 4.4% in the second quarter. Marietta Investment Partners LLC now owns 7,130 shares of the information services provider’s stock worth $458,000 after acquiring an additional 298 shares in the last quarter. 17.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JD has been the topic of a number of analyst reports. Barclays lifted their price target on JD.com from $59.00 to $72.00 in a research note on Monday, November 21st. Morgan Stanley dropped their price target on JD.com from $80.00 to $55.00 in a research note on Monday, October 31st. Citigroup lifted their price target on JD.com from $60.00 to $96.00 in a research note on Friday, January 6th. StockNews.com initiated coverage on JD.com in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Mizuho dropped their price target on JD.com from $90.00 to $82.00 in a research note on Monday, November 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

JD.com Trading Up 1.7 %

Shares of NASDAQ JD opened at $60.43 on Friday. The stock has a market cap of $82.53 billion, a price-to-earnings ratio of 671.52 and a beta of 0.48. The business has a 50 day simple moving average of $57.76 and a 200 day simple moving average of $55.44. JD.com, Inc. has a 52 week low of $33.17 and a 52 week high of $78.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.30.

JD.com (NASDAQ:JDGet Rating) last announced its quarterly earnings results on Friday, November 18th. The information services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.52 by $0.21. The business had revenue of $34.24 billion during the quarter, compared to analysts’ expectations of $34.59 billion. JD.com had a return on equity of 6.64% and a net margin of 0.13%. On average, research analysts predict that JD.com, Inc. will post 1.93 earnings per share for the current fiscal year.

JD.com Profile

(Get Rating)

JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

Further Reading

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JDGet Rating).

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

Receive News & Ratings for JD.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com and related companies with MarketBeat.com's FREE daily email newsletter.