JD.com, Inc. (NASDAQ:JD) Position Increased by Wallace Advisory Group LLC

Wallace Advisory Group LLC lifted its position in JD.com, Inc. (NASDAQ:JDFree Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,717 shares of the information services provider’s stock after acquiring an additional 840 shares during the period. Wallace Advisory Group LLC’s holdings in JD.com were worth $772,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in JD.com by 69.3% during the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after acquiring an additional 1,208 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in JD.com by 73.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock worth $111,000 after buying an additional 1,631 shares in the last quarter. Parallel Advisors LLC lifted its position in JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of JD.com by 12.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock valued at $155,000 after buying an additional 602 shares during the period. Finally, FNY Investment Advisers LLC increased its stake in shares of JD.com by 10.0% in the fourth quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider’s stock worth $158,000 after acquiring an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JD. Nomura cut their price target on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Mizuho boosted their target price on shares of JD.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. raised their price target on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, April 5th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Susquehanna decreased their price target on JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.20.

View Our Latest Research Report on JD

JD.com Stock Performance

JD stock traded down $0.77 on Tuesday, reaching $27.59. 7,177,536 shares of the company were exchanged, compared to its average volume of 14,049,862. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $41.95. The stock’s fifty day moving average price is $30.17 and its 200 day moving average price is $26.99. The firm has a market capitalization of $43.51 billion, a PE ratio of 12.61 and a beta of 0.46.

JD.com (NASDAQ:JDGet Free Report) last issued its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.17. The business had revenue of $36.02 billion for the quarter, compared to analyst estimates of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. On average, research analysts anticipate that JD.com, Inc. will post 3.08 EPS for the current fiscal year.

JD.com Profile

(Free Report)

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.

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

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