Bridgecreek Investment Management LLC lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,690 shares of the information services provider’s stock after purchasing an additional 1,200 shares during the period. JD.com comprises about 1.4% of Bridgecreek Investment Management LLC’s holdings, making the stock its 23rd largest position. Bridgecreek Investment Management LLC’s holdings in JD.com were worth $7,737,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. TFC Financial Management purchased a new stake in JD.com in the 3rd quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in JD.com in the 2nd quarter valued at about $30,000. Optimum Investment Advisors purchased a new position in JD.com in the 3rd quarter valued at about $36,000. Gradient Investments LLC boosted its position in JD.com by 500.0% in the 3rd quarter. Gradient Investments LLC now owns 600 shares of the information services provider’s stock valued at $47,000 after buying an additional 500 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in JD.com by 71.4% in the 3rd quarter. Sandy Spring Bank now owns 600 shares of the information services provider’s stock valued at $47,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.
NASDAQ JD traded down $4.34 during midday trading on Monday, hitting $85.07. The company had a trading volume of 341,396 shares, compared to its average volume of 14,660,843. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The stock has a market cap of $130.44 billion, a price-to-earnings ratio of 44.93, a P/E/G ratio of 1.51 and a beta of 0.97. The firm has a fifty day simple moving average of $84.58 and a two-hundred day simple moving average of $69.96. JD.com, Inc. has a fifty-two week low of $30.84 and a fifty-two week high of $92.77.
JD.com (NASDAQ:JD) last posted its quarterly earnings results on Monday, November 16th. The information services provider reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $3.06. JD.com had a net margin of 3.34% and a return on equity of 9.53%. As a group, equities analysts predict that JD.com, Inc. will post 1.19 earnings per share for the current year.
A number of equities analysts have weighed in on JD shares. Mizuho upped their price objective on shares of JD.com from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. BidaskClub upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Barclays raised their price target on shares of JD.com from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, November 19th. Smith Barney Citigroup raised their price target on shares of JD.com from $104.00 to $107.00 in a research note on Tuesday, November 17th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of JD.com from $104.00 to $107.00 in a report on Tuesday, November 17th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $75.57.
JD.com Company 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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