North of South Capital LLP Grows Stock Holdings in JD.com, Inc. $JD

North of South Capital LLP grew its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,072,931 shares of the information services provider’s stock after acquiring an additional 98,716 shares during the quarter. JD.com comprises 13.7% of North of South Capital LLP’s investment portfolio, making the stock its largest position. North of South Capital LLP owned about 0.28% of JD.com worth $142,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JD. Nordea Investment Management AB grew its stake in shares of JD.com by 2.3% in the 2nd 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 during the last quarter. Exchange Traded Concepts LLC raised its stake in JD.com by 42.6% during the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock valued at $3,780,000 after buying an additional 34,585 shares during the last quarter. Perpetual Ltd boosted its holdings in JD.com by 2.4% in the second quarter. Perpetual Ltd now owns 572,843 shares of the information services provider’s stock worth $18,698,000 after acquiring an additional 13,587 shares in the last quarter. Royal Bank of Canada grew its stake in shares of JD.com by 4.5% in the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock worth $14,241,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Range Financial Group LLC increased its holdings in shares of JD.com by 38.0% during the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock valued at $1,532,000 after acquiring an additional 12,920 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JD.com in a report on Monday, December 29th. Mizuho set a $41.00 price objective on shares of JD.com in a report on Wednesday, October 22nd. Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a research report on Monday, November 24th. Arete Research set a $32.00 target price on JD.com in a report on Tuesday, December 9th. Finally, HSBC reaffirmed a “buy” rating and set a $37.00 price target on shares of JD.com in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

JD.com Stock Down 0.2%

Shares of JD stock opened at $29.60 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. JD.com, Inc. has a one year low of $28.21 and a one year high of $46.44. The company’s fifty day moving average price is $29.98 and its 200-day moving average price is $31.83. The company has a market capitalization of $42.40 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 5.39 and a beta of 0.40.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 2.46% and a return on equity of 10.99%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $8.68 earnings per share. Sell-side analysts expect that JD.com, Inc. will post 3.91 EPS for the current fiscal 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.