Partners Wealth Management LLC Acquires New Position in JD.com, Inc. $JD

Partners Wealth Management LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,500 shares of the information services provider’s stock, valued at approximately $598,000.

A number of other institutional investors also recently modified their holdings of JD. SBI Securities Co. Ltd. boosted its stake in JD.com by 27.9% during the third quarter. SBI Securities Co. Ltd. now owns 9,051 shares of the information services provider’s stock worth $241,000 after acquiring an additional 1,975 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in JD.com by 9.8% in the third quarter. Crossmark Global Holdings Inc. now owns 111,489 shares of the information services provider’s stock worth $2,966,000 after purchasing an additional 9,977 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in JD.com by 2.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock valued at $222,283,000 after purchasing an additional 235,034 shares in the last quarter. Lakeshore Capital Group Inc. increased its stake in JD.com by 12.7% in the third quarter. Lakeshore Capital Group Inc. now owns 19,590 shares of the information services provider’s stock valued at $521,000 after purchasing an additional 2,208 shares in the last quarter. Finally, Tempus Wealth Planning LLC increased its stake in JD.com by 43.4% in the third quarter. Tempus Wealth Planning LLC now owns 15,555 shares of the information services provider’s stock valued at $414,000 after purchasing an additional 4,711 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, August 14th. Weiss Ratings downgraded JD.com from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 21st. Mizuho set a $39.00 target price on JD.com in a research note on Friday, August 14th. Susquehanna decreased their target price on JD.com from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Finally, Barclays dropped their price target on JD.com from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

JD.com Price Performance

Shares of JD opened at $25.68 on Friday. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $34.30. The business’s fifty day moving average is $27.01 and its 200 day moving average is $28.59. 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 stock has a market cap of $32.06 billion, a P/E ratio of 17.83 and a beta of 0.33.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $50.99 billion during the quarter, compared to the consensus estimate of $50.38 billion. JD.com had a net margin of 1.13% and a return on equity of 6.78%. JD.com’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.97 EPS. Sell-side analysts anticipate that JD.com, Inc. will post 2.90 earnings per share for the current fiscal year.

JD.com Profile

JD.com, Inc (NASDAQ:JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.

Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.