Opal Capital LLC bought a new position in JD.com, Inc. (NASDAQ:JD – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 70,623 shares of the information services provider’s stock, valued at approximately $2,027,000.
Several other large investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in JD.com in the fourth quarter valued at about $270,000. Empowered Funds LLC raised its position in JD.com by 35.5% in the first quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 5,099 shares during the period. Focus Partners Wealth raised its position in JD.com by 36.5% in the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock valued at $1,184,000 after purchasing an additional 7,701 shares during the period. First Trust Advisors LP raised its position in JD.com by 26.2% in the second quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock valued at $4,461,000 after purchasing an additional 28,339 shares during the period. Finally, NewEdge Advisors LLC raised its position in JD.com by 22.4% in the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock valued at $2,147,000 after purchasing an additional 12,053 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
JD has been the topic of several research reports. Wall Street Zen raised JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Barclays raised their price objective on JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Citigroup raised their price objective on JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. UBS Group reissued a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Finally, Bank of America reissued a “buy” rating and issued a $33.00 price objective on shares of JD.com in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.
JD.com Trading Down 1.0%
NASDAQ JD opened at $28.38 on Wednesday. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $36.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 22.17 and a beta of 0.39. The firm’s 50 day moving average price is $30.09 and its two-hundred day moving average price is $29.10.
JD.com (NASDAQ:JD – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The firm had revenue of $45.79 billion for the quarter. Equities analysts anticipate that JD.com, Inc. will post 2.71 EPS for the current year.
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.
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