Commonwealth Equity Services LLC boosted its stake in JD.Com Inc (NASDAQ:JD) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,171 shares of the information services provider’s stock after purchasing an additional 11,732 shares during the quarter. Commonwealth Equity Services LLC’s holdings in JD.Com were worth $3,418,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. NEXT Financial Group Inc acquired a new stake in JD.Com in the second quarter worth $25,000. CWM LLC acquired a new stake in JD.Com in the second quarter worth $26,000. WealthStone Inc. bought a new position in shares of JD.Com in the second quarter valued at $28,000. Quest Capital Management Inc. ADV bought a new position in shares of JD.Com in the third quarter valued at $28,000. Finally, Ropes Wealth Advisors LLC bought a new position in shares of JD.Com in the second quarter valued at $30,000. Institutional investors and hedge funds own 40.27% of the company’s stock.
A number of research analysts have weighed in on the stock. Vertical Group assumed coverage on shares of JD.Com in a research note on Tuesday, October 22nd. They issued a “buy” rating on the stock. ValuEngine lowered shares of JD.Com from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Credit Suisse Group reaffirmed an “outperform” rating on shares of JD.Com in a research note on Wednesday, July 17th. BidaskClub raised shares of JD.Com from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Mizuho raised their price target on shares of JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. JD.Com presently has a consensus rating of “Buy” and a consensus target price of $33.70.
Shares of NASDAQ:JD opened at $33.23 on Friday. The company has a 50 day moving average of $30.27 and a 200 day moving average of $29.57. The stock has a market cap of $48.11 billion, a P/E ratio of -1,107.67 and a beta of 1.35. JD.Com Inc has a 12 month low of $19.21 and a 12 month high of $33.79. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.19.
JD.Com (NASDAQ:JD) last announced its earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.18. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The business had revenue of $150.28 billion during the quarter, compared to analyst estimates of $147.44 billion. During the same period in the previous year, the business posted $0.33 earnings per share. JD.Com’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, equities analysts forecast that JD.Com Inc will post 0.77 earnings per share for the current fiscal year.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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