Patient Capital Management LLC Buys 53,810 Shares of JD.com, Inc. $JD

Patient Capital Management LLC boosted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 842,937 shares of the information services provider’s stock after buying an additional 53,810 shares during the period. Patient Capital Management LLC owned approximately 0.06% of JD.com worth $29,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JD. Stone House Investment Management LLC purchased a new stake in shares of JD.com in the third quarter valued at $35,000. Ameritas Advisory Services LLC bought a new position in JD.com during the 2nd quarter valued at about $37,000. Union Bancaire Privee UBP SA raised its position in JD.com by 136.0% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock worth $41,000 after purchasing an additional 680 shares during the period. Allworth Financial LP lifted its stake in JD.com by 158.4% in the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock worth $44,000 after purchasing an additional 830 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of JD.com by 54.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,786 shares of the information services provider’s stock valued at $58,000 after buying an additional 630 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of JD opened at $28.38 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. The company has a 50 day moving average price of $29.38 and a 200-day moving average price of $31.61. JD.com, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $46.44. The stock has a market capitalization of $40.66 billion, a PE ratio of 9.65, a PEG ratio of 5.37 and a beta of 0.40.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The business had revenue of $41.98 billion for the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter last year, the firm earned $8.68 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

JD has been the subject of a number of recent analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 price objective on shares of JD.com in a report on Friday, November 14th. Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a report on Monday, December 29th. HSBC reiterated a “buy” rating and set a $37.00 price objective on shares of JD.com in a report on Monday, December 29th. Arete lowered shares of JD.com from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research report on Tuesday, December 9th. Finally, Benchmark lowered their price target on JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.40.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.