Davis Selected Advisers Has $138.94 Million Stock Position in JD.com, Inc. (NASDAQ:JD)

Davis Selected Advisers lessened its stake in JD.com, Inc. (NASDAQ:JDFree Report) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,769,477 shares of the information services provider’s stock after selling 66,101 shares during the quarter. JD.com makes up about 0.9% of Davis Selected Advisers’ holdings, making the stock its 24th largest position. Davis Selected Advisers owned approximately 0.34% of JD.com worth $138,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of JD. First Manhattan Co. raised its stake in shares of JD.com by 32.5% in the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock valued at $56,000 after buying an additional 244 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of JD.com by 3.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,068 shares of the information services provider’s stock valued at $275,000 after buying an additional 278 shares during the period. Bristlecone Advisors LLC raised its stake in shares of JD.com by 6.1% in the second quarter. Bristlecone Advisors LLC now owns 6,088 shares of the information services provider’s stock valued at $208,000 after buying an additional 349 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of JD.com by 0.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider’s stock valued at $1,163,000 after buying an additional 371 shares during the period. Finally, Lincoln National Corp grew its position in shares of JD.com by 4.8% in the second quarter. Lincoln National Corp now owns 8,226 shares of the information services provider’s stock valued at $281,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the subject of several recent research reports. UBS Group upgraded JD.com from a “neutral” rating to a “buy” rating and reduced their price target for the company from $40.00 to $39.00 in a research report on Wednesday, November 1st. JPMorgan Chase & Co. reduced their target price on JD.com from $40.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, October 16th. Barclays reduced their target price on JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. StockNews.com cut JD.com from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, Sanford C. Bernstein cut JD.com from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $55.00 to $31.00 in a report on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Read Our Latest Research Report on JD

JD.com Stock Performance

JD.com stock opened at $22.82 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.36 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $35.99 billion, a P/E ratio of 10.61, a PEG ratio of 0.19 and a beta of 0.54. The stock’s 50 day moving average is $25.22 and its 200 day moving average is $28.77. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $54.77.

JD.com (NASDAQ:JDGet Free Report) last issued its earnings results on Wednesday, November 15th. The information services provider reported $6.70 EPS for the quarter, beating the consensus estimate of $5.87 by $0.83. JD.com had a return on equity of 10.43% and a net margin of 2.20%. The business had revenue of $247.70 billion for the quarter, compared to the consensus estimate of $246.99 billion. During the same period last year, the business posted $0.73 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that JD.com, Inc. will post 2.7 earnings per share for the current fiscal year.

About JD.com

(Free Report)

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, 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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