Mount Lucas Management LP Acquires New Holdings in JD.com, Inc. (NASDAQ:JD)

Mount Lucas Management LP bought a new stake in JD.com, Inc. (NASDAQ:JD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the information services provider’s stock, valued at approximately $8,000,000. JD.com makes up about 2.7% of Mount Lucas Management LP’s holdings, making the stock its 4th largest holding.

Other large investors have also recently bought and sold shares of the company. Discerene Group LP raised its stake in shares of JD.com by 66.0% in the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after buying an additional 2,207,619 shares in the last quarter. WT Asset Management Ltd acquired a new stake in JD.com in the 3rd quarter valued at about $55,635,000. Lazard Asset Management LLC boosted its position in shares of JD.com by 30.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after purchasing an additional 1,368,356 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of JD.com by 177.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider’s stock worth $74,931,000 after purchasing an additional 1,198,753 shares in the last quarter. Finally, Veritas Asset Management LLP acquired a new stake in JD.com during the third quarter valued at approximately $29,642,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JD. Barclays lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday. Finally, Sanford C. Bernstein cut their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Stock Performance

Shares of JD opened at $35.00 on Friday. The company has a market capitalization of $55.20 billion, a PE ratio of 11.08, a PEG ratio of 0.39 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company’s 50 day moving average price is $37.35 and its 200 day moving average price is $31.54. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 3.12% and a return on equity of 14.70%. JD.com’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. Research analysts expect that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

JD.com Profile

JD.com, Inc operates as a supply chain-based technology and service provider 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.