Todd Asset Management LLC Purchases 85,331 Shares of JD.com, Inc. $JD

Todd Asset Management LLC lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 8.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,116,629 shares of the information services provider’s stock after purchasing an additional 85,331 shares during the quarter. Todd Asset Management LLC’s holdings in JD.com were worth $39,060,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JD. Stone House Investment Management LLC bought a new stake in JD.com during the 3rd quarter valued at $35,000. Assetmark Inc. grew its holdings in shares of JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after buying an additional 399 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of JD.com by 657.9% during the third quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock valued at $40,000 after buying an additional 1,000 shares during the last quarter. Union Bancaire Privee UBP SA increased its holdings in JD.com by 136.0% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock worth $41,000 after purchasing an additional 680 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in JD.com by 158.4% during the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock worth $44,000 after buying an additional 830 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the topic of several recent analyst reports. Nomura dropped their price objective on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Bank of America cut their price target on shares of JD.com from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Citigroup decreased their price objective on shares of JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, January 2nd. Susquehanna restated a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Finally, Zacks Research downgraded JD.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.71.

JD.com Stock Down 1.4%

JD.com stock opened at $27.14 on Monday. The firm has a 50 day moving average price of $29.00 and a 200-day moving average price of $31.11. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a twelve month low of $27.02 and a twelve month high of $46.44. The company has a market capitalization of $38.88 billion, a P/E ratio of 9.23, a P/E/G ratio of 5.81 and a beta of 0.41.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The business had revenue of $41.98 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter in the prior year, the business earned $8.68 earnings per share. JD.com’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities analysts predict that JD.com, Inc. will post 3.91 EPS for the current year.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.