Pekin Hardy Strauss Inc. boosted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 41.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,837 shares of the information services provider's stock after acquiring an additional 84,207 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in JD.com were worth $7,603,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its position in JD.com by 2.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider's stock worth $222,283,000 after acquiring an additional 235,034 shares during the period. Handelsbanken Fonder AB increased its holdings 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 purchasing an additional 80,000 shares during the period. KBC Group NV increased its holdings in shares of JD.com by 78.8% during the first quarter. KBC Group NV now owns 459,316 shares of the information services provider's stock valued at $13,582,000 after purchasing an additional 202,488 shares during the period. Tidal Investments LLC increased its holdings in shares of JD.com by 109.1% during the second quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider's stock valued at $9,755,000 after purchasing an additional 199,724 shares during the period. Finally, Gradient Investments LLC raised its stake in shares of JD.com by 5.0% during the second quarter. Gradient Investments LLC now owns 205,110 shares of the information services provider's stock valued at $5,226,000 after purchasing an additional 9,779 shares in the last quarter. Institutional investors own 15.98% of the company's stock.
JD.com Stock Up 3.3%
Shares of JD stock opened at $28.64 on Friday. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.14. The business's fifty day moving average is $26.87 and its 200-day moving average is $28.54. The stock has a market cap of $35.75 billion, a PE ratio of 19.89 and a beta of 0.30.
JD.com (NASDAQ:JD - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share 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 analyst estimates of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%. The company's revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.97 earnings per share. Equities analysts expect that JD.com, Inc. will post 2.90 earnings per share for the current fiscal year.
Key JD.com News
Here are the key news stories impacting JD.com this week:
Wall Street Analyst Weigh In
JD has been the subject of several research analyst reports. Zacks Research downgraded shares of JD.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Arete Research cut shares of JD.com from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research note on Monday, September 7th. Mizuho set a $39.00 target price on shares of JD.com in a research note on Friday, August 14th. Barclays dropped their price target on shares of JD.com from $41.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 14th. Finally, Benchmark reaffirmed a "buy" rating on shares of JD.com in a research note on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and an average price target of $35.33.
Check Out Our Latest Stock Analysis on JD
About JD.com
(
Free Report)
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.
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