Ovata Capital Management Ltd Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Ovata Capital Management Ltd acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 35,566 shares of the information services provider’s stock, valued at approximately $919,000. JD.com accounts for about 0.5% of Ovata Capital Management Ltd’s portfolio, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors LLC bought a new stake in JD.com during the 2nd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC raised its position in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the period. Hexagon Capital Partners LLC purchased a new position in shares of JD.com during the 1st quarter valued at $58,000. Parallel Advisors LLC boosted its holdings 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 during the period. Finally, Advisors Preferred LLC purchased a new stake in JD.com in the 1st quarter worth $126,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Down 1.7 %

Shares of JD opened at $26.38 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $26.57 and a 200 day moving average of $27.58. The company has a market cap of $41.60 billion, a PE ratio of 12.05 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.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. On average, sell-side analysts expect that JD.com, Inc. will post 3.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JD shares. Bank of America boosted their price objective on JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Macquarie raised JD.com from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $26.00 to $40.00 in a report on Friday, May 17th. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.00 in a report on Friday, August 16th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Benchmark dropped their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

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.