Matthews International Capital Management LLC Raises Stake in JD.Com Inc (JD)

Matthews International Capital Management LLC grew its holdings in JD.Com Inc (NASDAQ:JD) by 22.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 410,979 shares of the information services provider’s stock after acquiring an additional 75,500 shares during the period. JD.Com comprises approximately 0.6% of Matthews International Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Matthews International Capital Management LLC’s holdings in JD.Com were worth $12,391,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JD. CIBC Asset Management Inc increased its position in shares of JD.Com by 3.0% in the 1st quarter. CIBC Asset Management Inc now owns 65,005 shares of the information services provider’s stock worth $1,960,000 after purchasing an additional 1,905 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of JD.Com by 1,465.3% in the 1st quarter. Teacher Retirement System of Texas now owns 536,751 shares of the information services provider’s stock worth $16,183,000 after purchasing an additional 502,461 shares during the last quarter. American International Group Inc. increased its position in shares of JD.Com by 0.6% in the 1st quarter. American International Group Inc. now owns 67,486 shares of the information services provider’s stock worth $2,035,000 after purchasing an additional 374 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of JD.Com in the 1st quarter worth about $257,000. Finally, First Allied Advisory Services Inc. bought a new stake in shares of JD.Com in the 1st quarter worth about $312,000. 47.59% of the stock is currently owned by institutional investors and hedge funds.

JD.Com stock traded up $0.15 during midday trading on Wednesday, reaching $29.82. 2,770,048 shares of the stock traded hands, compared to its average volume of 18,498,268. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $33.93 billion, a price-to-earnings ratio of -994.00 and a beta of 1.30. JD.Com Inc has a fifty-two week low of $19.21 and a fifty-two week high of $45.23.

JD.Com (NASDAQ:JD) last posted its earnings results on Thursday, February 28th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $19.61 billion during the quarter, compared to analyst estimates of $19.34 billion. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. Research analysts expect that JD.Com Inc will post 0.36 earnings per share for the current year.

Several equities research analysts have recently weighed in on JD shares. ValuEngine raised shares of JD.Com from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. TheStreet downgraded shares of JD.Com from a “c-” rating to a “d+” rating in a research report on Monday, April 22nd. BidaskClub lowered shares of JD.Com from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. JPMorgan Chase & Co. raised shares of JD.Com from a “neutral” rating to an “overweight” rating and set a $30.55 price target for the company in a report on Tuesday, April 30th. Finally, Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, March 27th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.90.

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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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

Read More: Price to Earnings Ratio (PE)

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

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