Qube Research & Technologies Ltd Has $423,000 Stake in JD.Com Inc (NASDAQ:JD)

Qube Research & Technologies Ltd increased its stake in JD.Com Inc (NASDAQ:JD) by 46.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,953 shares of the information services provider’s stock after acquiring an additional 4,423 shares during the quarter. Qube Research & Technologies Ltd’s holdings in JD.Com were worth $423,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in JD. BlackRock Inc. increased its stake in JD.Com by 11.6% during the 1st quarter. BlackRock Inc. now owns 39,266,220 shares of the information services provider’s stock valued at $1,183,877,000 after purchasing an additional 4,066,194 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in JD.Com by 82.4% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,517,827 shares of the information services provider’s stock worth $106,062,000 after acquiring an additional 1,589,432 shares during the last quarter. USS Investment Management Ltd purchased a new position in JD.Com during the 2nd quarter worth $44,670,000. Acadian Asset Management LLC purchased a new position in JD.Com during the 1st quarter worth $39,375,000. Finally, Newport Asia LLC purchased a new position in JD.Com during the 1st quarter worth $51,912,000. Institutional investors own 47.99% of the company’s stock.

JD has been the topic of a number of analyst reports. Mizuho lifted their price objective on shares of JD.Com from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Barclays initiated coverage on shares of JD.Com in a report on Monday. They set an “equal weight” rating and a $36.00 price objective on the stock. Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Tuesday. Nomura raised shares of JD.Com from a “neutral” rating to a “buy” rating and set a $29.81 price objective on the stock in a report on Wednesday, May 15th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price objective (up from $36.00) on shares of JD.Com in a report on Wednesday, August 14th. Eleven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. JD.Com has an average rating of “Buy” and a consensus price target of $32.82.

Shares of NASDAQ:JD traded down $0.10 during midday trading on Tuesday, reaching $31.48. The company had a trading volume of 162,810 shares, compared to its average volume of 15,693,797. The company’s 50 day moving average price is $30.14 and its 200 day moving average price is $28.48. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.19. The stock has a market cap of $38.17 billion, a P/E ratio of -1,056.67 and a beta of 1.42. JD.Com Inc has a 52-week low of $19.21 and a 52-week high of $33.60.

JD.Com (NASDAQ:JD) last issued its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.18. The company had revenue of $150.28 billion for the quarter, compared to the consensus estimate of $147.44 billion. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Research analysts forecast that JD.Com Inc will post 0.77 EPS for the current fiscal year.

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.

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

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