Nykredit A S Invests $518,000 in JD.com, Inc. $JD

Nykredit A S bought a new position in JD.com, Inc. (NASDAQ:JD) during the 2nd quarter, HoldingsChannel reports. The fund bought 20,345 shares of the information services provider’s stock, valued at approximately $518,000.

Other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its stake in shares of JD.com by 20.2% during the second quarter. Handelsbanken Fonder AB now owns 477,000 shares of the information services provider’s stock valued at $12,154,000 after acquiring an additional 80,000 shares during the last quarter. Gradient Investments LLC grew its position in shares of JD.com by 5.0% in the 2nd quarter. Gradient Investments LLC now owns 205,110 shares of the information services provider’s stock worth $5,226,000 after buying an additional 9,779 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of JD.com during the second quarter valued at approximately $1,411,000. Assenagon Asset Management S.A. bought a new position in shares of JD.com during the second quarter valued at approximately $250,000. Finally, 180 Wealth Advisors LLC raised its holdings in JD.com by 18.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 25,088 shares of the information services provider’s stock worth $639,000 after purchasing an additional 3,984 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 2.1%

NASDAQ JD opened at $27.68 on Wednesday. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $36.86. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $34.55 billion, a P/E ratio of 19.22 and a beta of 0.35. The stock’s 50-day moving average price is $29.60 and its 200-day moving average price is $29.12.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The firm had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. During the same quarter in the previous year, the firm earned $4.97 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that JD.com, Inc. will post 2.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JD. Nomura boosted their price target on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Barclays reduced their target price on JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Zacks Research cut JD.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Benchmark reiterated a “buy” rating on shares of JD.com in a report on Friday, August 14th. Finally, Mizuho set a $39.00 target price on shares of JD.com in a research report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.25.

JD.com 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.