Patient Capital Management LLC Raises Position in JD.com, Inc. $JD

Patient Capital Management LLC lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 6.8% in the third quarter, Holdings Channel reports. The firm owned 842,937 shares of the information services provider’s stock after buying an additional 53,810 shares during the period. Patient Capital Management LLC’s holdings in JD.com were worth $29,486,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC acquired a new stake in JD.com in the third quarter worth about $51,741,000. Ritholtz Wealth Management raised its position in shares of JD.com by 1.6% in the 3rd quarter. Ritholtz Wealth Management now owns 87,684 shares of the information services provider’s stock valued at $3,067,000 after purchasing an additional 1,422 shares during the last quarter. Jackson Hole Capital Partners LLC acquired a new stake in JD.com in the 3rd quarter worth approximately $423,000. GWN Securities Inc. purchased a new stake in JD.com during the 3rd quarter worth approximately $363,000. Finally, North of South Capital LLP increased its stake in JD.com by 2.5% during the 3rd quarter. North of South Capital LLP now owns 4,072,931 shares of the information services provider’s stock valued at $142,471,000 after purchasing an additional 98,716 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on JD shares. Benchmark cut their target price on JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Mizuho set a $41.00 target price on JD.com in a research report on Wednesday, October 22nd. Morgan Stanley decreased their price objective on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating for the company in a research note on Wednesday, January 14th. Bank of America cut their price objective on shares of JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.40.

JD.com Stock Performance

Shares of NASDAQ JD opened at $28.38 on Wednesday. The company has a market capitalization of $40.66 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 5.37 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. The company’s fifty day moving average price is $29.38 and its 200 day moving average price is $31.61. JD.com, Inc. has a 1 year low of $28.21 and a 1 year high of $46.44.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The business had revenue of $41.98 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter in the prior year, the firm posted $8.68 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. On average, research analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current year.

JD.com Company 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.