Handelsbanken Fonder AB Increases Holdings in JD.com, Inc. $JD

Handelsbanken Fonder AB grew its holdings in JD.com, Inc. (NASDAQ:JD) by 20.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 477,000 shares of the information services provider’s stock after buying an additional 80,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in JD.com were worth $12,154,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JD. Gradient Investments LLC boosted its holdings in JD.com by 5.0% in the second quarter. Gradient Investments LLC now owns 205,110 shares of the information services provider’s stock valued at $5,226,000 after acquiring an additional 9,779 shares in the last quarter. FNY Investment Advisers LLC bought a new position in JD.com in the 2nd quarter worth $1,411,000. Assenagon Asset Management S.A. purchased a new stake in shares of JD.com in the 2nd quarter worth about $250,000. 180 Wealth Advisors LLC lifted its position in shares of JD.com by 18.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 25,088 shares of the information services provider’s stock worth $639,000 after purchasing an additional 3,984 shares during the period. Finally, GK Wealth Management LLC bought a new stake in shares of JD.com during the 2nd quarter valued at about $564,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JD. Benchmark increased their price target on shares of JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Zacks Research downgraded JD.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Arete Research set a $37.00 target price on JD.com in a research report on Friday, April 17th. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Finally, Susquehanna lifted their price target on JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.42.

JD.com Trading Down 7.3%

NASDAQ JD opened at $29.30 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The stock has a market cap of $36.57 billion, a P/E ratio of 22.89 and a beta of 0.38. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $36.86. The stock’s fifty day moving average price is $29.13 and its 200-day moving average price is $29.06.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The business had revenue of $45.79 billion during the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. As a group, equities analysts forecast that JD.com, Inc. will post 2.78 EPS for the current fiscal year.

JD.com News Summary

Here are the key news stories impacting JD.com this week:

• Positive Sentiment: JD.com reported second-quarter EPS of $0.92, exceeding the $0.86 consensus estimate, while revenue of $50.99 billion topped forecasts of $50.38 billion. JD.com quarterly earnings results
• Positive Sentiment: Profitability improved, with record retail margins, stronger free cash flow and a reported 21% increase in profit. Losses at the food-delivery operation also narrowed as competitive pressure from Alibaba and Meituan eased. JD.com profit and food-delivery results
• Positive Sentiment: The extended 618 shopping festival helped JD.com exceed revenue expectations, while investments in logistics, international operations and artificial intelligence could support longer-term growth. Reuters JD.com quarterly results
• Neutral Sentiment: JD.com is expanding direct sourcing of Korean consumer products through a new Korean sourcing unit, a move that may broaden its product offering but is unlikely to materially affect near-term results. JD.com Korean sourcing expansion
• Negative Sentiment: Quarterly revenue fell 2.9% year over year to $50.99 billion, breaking a 12-year growth streak and signaling weaker consumer demand. Investors viewed the top-line contraction as more important than the earnings and revenue beats. JD.com revenue growth streak ends
• Negative Sentiment: Zacks Research downgraded JD.com from “strong buy” to “hold,” adding to the cautious reaction following the results. Zacks Research

JD.com Profile

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.