NewEdge Advisors LLC Cuts Holdings in JD.com, Inc. $JD

Key Points

• NewEdge Advisors cut its JD.com stake by 84.6% in the first quarter, selling 90,872 shares and retaining 16,533 shares valued at approximately $489,000.
• Other institutional investors were more constructive, with Quantinno Capital Management increasing its position by 187.2% and Opal Capital and EverSource Wealth Advisors also adding shares. Institutions collectively owned 15.98% of JD.com.
• JD.com exceeded quarterly expectations with adjusted EPS of $0.93 versus a $0.86 consensus and revenue of $50.99 billion, though revenue declined 2.9% year over year. Analysts maintain a “Moderate Buy” consensus with a $35.83 average price target versus the stock’s $29.37 opening price.

NewEdge Advisors LLC trimmed its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 84.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,533 shares of the information services provider's stock after selling 90,872 shares during the quarter. NewEdge Advisors LLC's holdings in JD.com were worth $489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new stake in JD.com in the 1st quarter worth approximately $291,000. Opal Capital LLC boosted its position in shares of JD.com by 14.0% during the 1st quarter. Opal Capital LLC now owns 80,511 shares of the information services provider's stock valued at $2,381,000 after acquiring an additional 9,888 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of JD.com by 52.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,713 shares of the information services provider's stock valued at $51,000 after acquiring an additional 589 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of JD.com by 187.2% during the 1st quarter. Quantinno Capital Management LP now owns 189,079 shares of the information services provider's stock valued at $5,591,000 after acquiring an additional 123,244 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new position in shares of JD.com in the first quarter valued at $220,000. 15.98% of the stock is owned by institutional investors.

JD.com Price Performance

JD.com stock opened at $29.37 on Friday. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $36.86. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $29.19 and a 200-day moving average price of $29.06. The firm has a market capitalization of $36.66 billion, a PE ratio of 20.40 and a beta of 0.38.

JD.com (NASDAQ:JD - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, beating 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 company had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. During the same period in the prior year, the firm posted $4.97 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that JD.com, Inc. will post 2.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JD shares. Morgan Stanley upped their price target on shares of JD.com from $25.00 to $27.00 and gave the company an "underweight" rating in a research note on Wednesday, May 13th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a report on Friday, August 14th. Weiss Ratings upgraded JD.com from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, July 13th. Mizuho set a $39.00 price objective on JD.com in a research note on Friday, August 14th. Finally, Benchmark restated a "buy" rating on shares of JD.com in a research report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.83.

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.

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