Private Advisor Group LLC Acquires 18,615 Shares of JD.com, Inc. $JD

Private Advisor Group LLC boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 25.1% in the first quarter, Holdings Channel.com reports. The fund owned 92,639 shares of the information services provider’s stock after acquiring an additional 18,615 shares during the quarter. Private Advisor Group LLC’s holdings in JD.com were worth $2,739,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of JD. SG Americas Securities LLC lifted its position in shares of JD.com by 139.0% during the first quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock worth $128,181,000 after purchasing an additional 2,521,045 shares during the last quarter. SIH Partners LLLP increased its stake in JD.com by 74.1% in the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock worth $143,255,000 after buying an additional 2,125,212 shares during the period. Syquant Capital Sas purchased a new position in JD.com in the 4th quarter worth about $35,323,000. Northwestern Mutual Wealth Management Co. lifted its holdings in JD.com by 1,172.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock valued at $35,434,000 after buying an additional 1,137,592 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in JD.com by 197.2% during the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock valued at $39,744,000 after buying an additional 918,880 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

NASDAQ JD opened at $27.74 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. The firm’s 50 day moving average price is $28.91 and its 200-day moving average price is $28.75. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $36.86. The company has a market cap of $34.63 billion, a PE ratio of 21.67 and a beta of 0.40.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The company had revenue of $45.79 billion during the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. Sell-side analysts forecast that JD.com, Inc. will post 2.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on JD shares. Citigroup upped their target price on shares of JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Arete Research set a $37.00 price target on JD.com in a report on Friday, April 17th. Nomura increased their price objective on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Barclays raised their price objective on JD.com from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, Weiss Ratings lowered JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average price target of $36.58.

About JD.com

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.