Tidal Investments LLC Buys 199,724 Shares of JD.com, Inc. $JD

Key Points

• Tidal Investments more than doubled its JD.com stake in the second quarter, purchasing 199,724 additional shares for a total holding of 382,838 shares valued at approximately $9.8 million.
• Institutional ownership increased across several investors, while institutions collectively held 15.98% of JD.com’s outstanding shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $35.25 price target. JD.com’s latest quarterly earnings and revenue exceeded estimates, though revenue declined 2.9% year over year.

Tidal Investments LLC boosted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 109.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 382,838 shares of the information services provider's stock after buying an additional 199,724 shares during the period. Tidal Investments LLC's holdings in JD.com were worth $9,755,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JD. SG Americas Securities LLC increased its position in 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 valued at $128,181,000 after acquiring an additional 2,521,045 shares during the last quarter. SIH Partners LLLP lifted its holdings in shares of 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 acquiring an additional 2,125,212 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JD.com by 1,172.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider's stock worth $35,434,000 after acquiring an additional 1,137,592 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of 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 worth $39,744,000 after purchasing an additional 918,880 shares during the period. Finally, L1 Capital Pty Ltd bought a new position in JD.com during the 4th quarter valued at about $20,959,000. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Arete Research set a $30.00 price objective on shares of JD.com and gave the stock a "neutral" rating in a research report on Monday, September 7th. Mizuho set a $39.00 target price on JD.com in a research report on Friday, August 14th. Weiss Ratings raised JD.com from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. Barclays reduced their price target on JD.com from $43.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, July 15th. Finally, Benchmark reissued a "buy" rating on shares of JD.com in a research note on Friday, August 14th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.25.

JD.com Stock Up 0.1%

Shares of NASDAQ:JD opened at $27.06 on Friday. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $36.86. The stock has a market cap of $33.78 billion, a P/E ratio of 18.79 and a beta of 0.35. The business's 50 day moving average is $29.63 and its 200 day moving average is $29.10. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19.

JD.com (NASDAQ:JD - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.78% and a net margin of 1.13%.The company had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. During the same period last year, the business posted $4.97 EPS. JD.com's quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts predict that JD.com, Inc. will post 2.83 EPS for the current year.

About JD.com

JD.com, Inc NASDAQ: JD is a China-based technology and e-commerce company that operates an online retail platform serving consumers and businesses. The company sells a broad range of products, including electronics and appliances, general merchandise, groceries, apparel, household goods, and healthcare products. It offers both products sourced directly from suppliers and merchandise sold by third-party merchants through its marketplace.

Founded by Richard Qiangdong Liu in 1998, JD.com initially focused on selling consumer electronics and launched its online retail business in 2004.

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