Fluent Financial LLC Takes Position in JD.com, Inc. (NASDAQ:JD)

Fluent Financial LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, Holdings Channel reports. The fund bought 72,957 shares of the information services provider’s stock, valued at approximately $1,885,000.

Other large investors have also added to or reduced their stakes in the company. Avitas Wealth Management LLC grew its holdings in shares of JD.com by 1.5% during the first quarter. Avitas Wealth Management LLC now owns 39,966 shares of the information services provider’s stock valued at $1,095,000 after buying an additional 579 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in 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 worth $155,000 after purchasing an additional 602 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after purchasing an additional 686 shares during the last quarter. Solstein Capital LLC raised its stake in shares of JD.com by 10.0% in the first quarter. Solstein Capital LLC now owns 7,704 shares of the information services provider’s stock worth $211,000 after purchasing an additional 700 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after purchasing an additional 719 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Mizuho upped their price objective 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. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Benchmark dropped their target price on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Macquarie upgraded JD.com from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $40.00 in a research report on Friday, May 17th. Finally, Bank of America increased their target price on JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Trading Down 0.7 %

Shares of NASDAQ:JD traded down $0.18 on Friday, reaching $26.20. 1,562,483 shares of the company traded hands, compared to its average volume of 13,623,077. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $41.32 billion, a P/E ratio of 12.04 and a beta of 0.39. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $35.69. The business’s 50-day simple moving average is $26.57 and its 200 day simple moving average is $27.58.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same period last year, the business posted $0.68 earnings per share. JD.com’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

About JD.com

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.