Tiger Global Management LLC recently announced the acquisition of new stake in JD.com Inc. (NASDAQ:JD). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.97% to 51.65 million shares with purchase of 1.0 million shares. This fresh investment now brings its stake to 3.86% valued currently at $3.29 billion. In addition, The Vanguard Group, Inc. raised its holdings by 0.53 million to 27.72 million shares. And BlackRock Fund Advisors has lifted its position by 16.65% or 3.9 million shares – to 27.3 million shares.
With over 12.89 million JD.com Inc. (JD) shares trading Monday and a closing price of $78.64 on the day, the dollar volume was approximately $1.01 billion. The shares have shown a positive weekly performance of 3.23% and its price on 08/31/20 lost nearly -1.65%. Currently, there are 1.48B common shares owned by the public and among those 1.33B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 45 analysts who have offered their price forecasts for JD have a consensus price objective of $548.34. The analysts have set the share’s price value over the next 12 months at a high of $809.21 and a low of $273.82 should the stock experience a downside. Incidentally, analysts’ outlook for the JD.com Inc. stock is 1.70 for the next 12 months. The average price target is -1.77% below its last price level and a downside to the estimated low will see the stock gain 71.28% over that period. But an upside of 90.28% will see the stock hit the forecast high price target while mean target price for the stock is $548.41.
The top 3 mutual fund holders in JD.com Inc. are Vanguard Total International Stoc, Vanguard Emerging Markets Stock I, and Government Pension Fund – Global. Vanguard Total International Stoc owns 14.33 million shares of the company’s stock, all valued at over $914.12 million. The company sold 53464.0 shares recently to bring their total holdings to about 1.07% of the shares outstanding. Vanguard Emerging Markets Stock I bought 7222.0 shares to see its total holdings expand to 11.48 million shares valued at over $732.3 million and representing 0.86% of the shares outstanding. Government Pension Fund – Global bought 1.57 million shares to bring its total holdings to over 11.08 million shares at a value of $707.1 million. Government Pension Fund – Global now owns shares totaling to 0.83% of the shares outstanding.
Shares of JD.com Inc. (NASDAQ: JD) opened at $79.94, down -$0.02 from a prior closing price of $79.96. However, the script later closed the day at $78.64, down -1.65%. The company’s stock has a 5-day price change of 3.23% and 41.39% over the past three months. JD shares are trading 123.22% year to date (YTD), with the 12-month market performance up to 157.84% higher. It has a 12-month low price of $27.47 and touched a high of $81.45 over the same period. Currently, 12.89 million shares have been traded, compared to an average intraday trading volume of 13.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.53%, 21.34%, and 64.85% respectively.
Institutional ownership of JD.com Inc. (NASDAQ: JD) shares accounts for 51.00% of the company’s 1.48B shares outstanding. Mutual fund holders own 20.92%, while other institutional holders and individual stakeholders account for 27.37% and — respectively.
It has a market capitalization of $125.74B and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 38.62, while the earnings-per-share (ttm) stands at $2.04. The company has a PEG of 6.57 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 3.47% over the month.
Analysts forecast that JD.com Inc. (JD) will achieve an EPS of $0.4 for the current quarter, $0.29 for the next quarter and $2.2 for 2021. The lowest estimate earnings-per-share for the quarter is $0.25 while analysts give the company a high EPS estimate of $0.48. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to increase by 574.30%, and 41.39% over the next financial year. EPS should shrink at an annualized rate of 5.88% over the next five years, compared to 22.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 45 brokerage firm advisors rate JD.com Inc. (JD) as a “Strong Buy” at a consensus score of 1.70. Specifically, 37 Wall Street analysts polled rate the stock as a buy, while 4 of the 45 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the JD, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on August 24, 2020, with the firm’s price target at $79-$83. Macquarie coverage for the JD.com Inc. (JD) stock in a research note released on August 17, 2020 offered a Outperform rating with a price target of. The Benchmark Company was of a view on May 18, 2020 that the stock is Buy, while Mizuho gave the stock Buy rating on May 13, 2020, issuing a price target of $37- $58. Morgan Stanley on their part issued Overweight rating on April 15, 2020.