GK Wealth Management LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,118 shares of the information services provider’s stock, valued at approximately $564,000.
Several other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in shares of JD.com by 139.0% during the 1st quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock valued at $128,181,000 after acquiring an additional 2,521,045 shares during the period. SIH Partners LLLP lifted its stake in JD.com by 74.1% in the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after purchasing an additional 2,125,212 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in JD.com by 1,172.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock valued at $35,434,000 after purchasing an additional 1,137,592 shares during the last quarter. HighTower Advisors LLC grew its holdings in JD.com by 197.2% during the fourth quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock valued at $39,744,000 after purchasing an additional 918,880 shares during the period. Finally, L1 Capital Pty Ltd bought a new position in JD.com during the fourth quarter valued at $20,959,000. Institutional investors own 15.98% of the company’s stock.
JD.com Trading Down 0.2%
Shares of JD stock opened at $32.97 on Wednesday. The stock has a market capitalization of $41.16 billion, a price-to-earnings ratio of 25.76 and a beta of 0.38. The company’s fifty day simple moving average is $28.75 and its two-hundred day simple moving average is $28.92. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $36.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on JD. Zacks Research upgraded JD.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Morgan Stanley increased their price target on JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 13th. Susquehanna lifted their price objective on JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Daiwa Securities Group restated a “hold” rating and issued a $27.00 price objective on shares of JD.com in a research note on Tuesday, June 23rd. Finally, Barclays dropped their price objective on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and an average price target of $36.42.
View Our Latest Research Report on JD.com
About JD.com
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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