US Bancorp DE Grows Holdings in JD.Com Inc (JD)

US Bancorp DE boosted its holdings in shares of JD.Com Inc (NASDAQ:JD) by 20.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,463 shares of the information services provider’s stock after buying an additional 6,292 shares during the quarter. US Bancorp DE’s holdings in JD.Com were worth $977,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new stake in JD.Com during the second quarter worth $454,000. Creative Planning lifted its holdings in JD.Com by 4.5% during the second quarter. Creative Planning now owns 36,065 shares of the information services provider’s stock worth $1,405,000 after acquiring an additional 1,554 shares during the period. Janney Montgomery Scott LLC lifted its holdings in JD.Com by 606.5% during the second quarter. Janney Montgomery Scott LLC now owns 58,020 shares of the information services provider’s stock worth $2,260,000 after acquiring an additional 49,808 shares during the period. Klingenstein Fields & Co. LLC lifted its holdings in JD.Com by 274.0% during the second quarter. Klingenstein Fields & Co. LLC now owns 24,310 shares of the information services provider’s stock worth $947,000 after acquiring an additional 17,810 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in JD.Com during the second quarter worth $67,764,000. Institutional investors own 48.72% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research upgraded JD.Com from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered JD.Com from a “sell” rating to a “strong sell” rating in a research note on Thursday. Cowen reiterated a “neutral” rating on shares of JD.Com in a research report on Wednesday. Benchmark reduced their price target on JD.Com to $31.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Credit Suisse Group set a $31.00 price target on JD.Com and gave the stock a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.55.

JD opened at $20.34 on Friday. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 2,034.00 and a beta of 1.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.66. JD.Com Inc has a one year low of $19.27 and a one year high of $50.68.

JD.Com (NASDAQ:JD) last released its quarterly earnings results on Monday, November 19th. The information services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The business had revenue of $104.77 billion for the quarter, compared to the consensus estimate of $105.93 billion. JD.Com had a net margin of 0.31% and a negative return on equity of 2.40%. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS. Equities research analysts forecast that JD.Com Inc will post 0.14 EPS for the current fiscal year.

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JD.Com Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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