Banque Cantonale Vaudoise trimmed its holdings in shares of JD.com, Inc. (NASDAQ:JD – Free Report) by 49.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 36,582 shares of the information services provider’s stock after selling 35,469 shares during the period. Banque Cantonale Vaudoise’s holdings in JD.com were worth $1,082,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in JD. Schroder Investment Management Group raised its stake in shares of JD.com by 7.9% in the 3rd quarter. Schroder Investment Management Group now owns 656,282 shares of the information services provider’s stock valued at $22,957,000 after acquiring an additional 48,039 shares in the last quarter. Cantor Fitzgerald L. P. boosted its position in JD.com by 423.1% during the third quarter. Cantor Fitzgerald L. P. now owns 264,426 shares of the information services provider’s stock worth $9,250,000 after purchasing an additional 213,878 shares during the period. Legal & General Group Plc boosted its position in JD.com by 4.7% during the fourth quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider’s stock worth $44,346,000 after purchasing an additional 70,062 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in JD.com by 381.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock valued at $2,385,000 after purchasing an additional 65,829 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of JD.com in the fourth quarter valued at approximately $1,604,000. Institutional investors and hedge funds own 15.98% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on JD shares. Arete Research set a $37.00 price objective on shares of JD.com in a research note on Friday, April 17th. Bank of America reiterated a “buy” rating and issued a $33.00 target price on shares of JD.com in a research note on Thursday, March 5th. Susquehanna lifted their target price on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Nomura upped their price target on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Citigroup raised their price target on JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.62.
JD.com Stock Up 0.8%
JD opened at $25.39 on Friday. The business has a 50 day moving average of $29.63 and a 200-day moving average of $28.92. The stock has a market capitalization of $31.69 billion, a price-to-earnings ratio of 19.84 and a beta of 0.39. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. JD.com, Inc. has a 1-year low of $24.51 and a 1-year high of $36.86.
JD.com (NASDAQ:JD – Get Free Report) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. As a group, sell-side analysts anticipate that JD.com, Inc. will post 2.71 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.
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