Pekin Hardy Strauss Inc. Acquires 84,207 Shares of JD.com, Inc. $JD

Pekin Hardy Strauss Inc. grew its stake in shares of JD.com, Inc. (NASDAQ:JD – Free Report) by 41.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 285,837 shares of the information services provider’s stock after acquiring an additional 84,207 shares during the period. Pekin Hardy Strauss Inc.’s holdings in JD.com were worth $7,603,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Kestra Advisory Services LLC grew its holdings in shares of JD.com by 8.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 8,639 shares of the information services provider’s stock worth $230,000 after acquiring an additional 654 shares during the last quarter. MBA Advisors LLC purchased a new stake in shares of JD.com during the third quarter valued at $287,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of JD.com during the third quarter valued at $109,000. ProShare Advisors LLC boosted its position in shares of JD.com by 20.8% in the 3rd quarter. ProShare Advisors LLC now owns 59,094 shares of the information services provider’s stock valued at $1,572,000 after purchasing an additional 10,164 shares during the period. Finally, Vise Technologies Inc. boosted its position in shares of JD.com by 20.2% in the 3rd quarter. Vise Technologies Inc. now owns 68,623 shares of the information services provider’s stock valued at $1,825,000 after purchasing an additional 11,554 shares during the period. 15.98% of the stock is owned by institutional investors.

JD.com Price Performance

JD opened at $28.64 on Friday. The stock has a fifty day moving average of $26.87 and a 200-day moving average of $28.54. The firm has a market capitalization of $35.75 billion, a P/E ratio of 19.89 and a beta of 0.30. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $34.30. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19.

JD.com (NASDAQ:JD – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. JD.com had a return on equity of 6.78% and a net margin of 1.13%. The business had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. During the same quarter in the previous year, the company posted $4.97 earnings per share. JD.com’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts forecast that JD.com, Inc. will post 2.90 EPS for the current fiscal year.

JD.com News Summary

Here are the key news stories impacting JD.com this week:

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Zacks Research cut JD.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, August 14th. Benchmark reiterated a “buy” rating on shares of JD.com in a report on Friday, August 14th. Arete Research cut shares of JD.com from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Monday, September 7th. Finally, Bank of America dropped their target price on shares of JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.33.

Read Our Latest Stock Analysis on JD

About JD.com

(Free Report)

JD.com, Inc (NASDAQ:JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.

Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.

Recommended Stories

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD – Free Report).

Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

Receive News & Ratings for JD.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com and related companies with MarketBeat.com's FREE daily email newsletter.