480,700 Shares in JD.com, Inc. $JD Purchased by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the third quarter, HoldingsChannel reports. The firm purchased 480,700 shares of the information services provider’s stock, valued at approximately $16,815,000. JD.com makes up about 1.7% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. FengHe Fund Management Pte. Ltd. boosted its stake in JD.com by 106.7% in the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock valued at $7,521,000 after purchasing an additional 111,000 shares during the period. Nordea Investment Management AB lifted its holdings in shares of JD.com by 2.3% during the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after buying an additional 13,755 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of JD.com in the second quarter valued at about $898,000. Creative Planning boosted its position in shares of JD.com by 121.0% in the second quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock valued at $12,340,000 after acquiring an additional 206,985 shares during the period. Finally, Monaco Asset Management SAM grew its stake in shares of JD.com by 214.3% in the second quarter. Monaco Asset Management SAM now owns 110,000 shares of the information services provider’s stock valued at $3,590,000 after acquiring an additional 75,000 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Price Performance

JD.com stock opened at $28.48 on Friday. The stock has a fifty day moving average of $29.35 and a 200-day moving average of $31.49. The stock has a market capitalization of $40.80 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 6.23 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. JD.com, Inc. has a 52 week low of $28.21 and a 52 week high of $46.44.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $41.98 billion for the quarter, compared to analysts’ expectations of $40.87 billion. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.68 earnings per share. On average, sell-side analysts expect that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JD shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of JD.com in a research note on Monday, December 29th. Morgan Stanley cut their price target on JD.com from $28.00 to $24.00 and set an “underweight” rating for the company in a research note on Wednesday, January 14th. Susquehanna reissued a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Bank of America lowered their price objective on JD.com from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, HSBC reiterated a “buy” rating and set a $37.00 target price on shares of JD.com in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.71.

JD.com Company Profile

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.