Ardmore Road Asset Management LP Purchases 100,000 Shares of JD.com, Inc. $JD
Ardmore Road Asset Management LP increased its stake in JD.com by 12.5% in Q2, acquiring an additional 100,000 shares, making JD.com 2.4% of its portfolio. JD.com reported a Q3 EPS of $0.52, surpassing estimates. Analysts have mixed ratings, with a consensus target price of $40.43. Institutional investors own 15.98% of JD.com. The stock opened at $29.90, with a market cap of $42.83 billion.
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