Evergreen Capital Management LLC Takes Position in JD.com, Inc. $JD

Evergreen Capital Management LLC purchased a new stake in JD.com, Inc. (NASDAQ:JD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,479,161 shares of the information services provider’s stock, valued at approximately $51,741,000. JD.com comprises 1.2% of Evergreen Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Evergreen Capital Management LLC owned about 0.10% of JD.com at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Stone House Investment Management LLC acquired a new stake in shares of JD.com during the third quarter worth approximately $35,000. Ameritas Advisory Services LLC acquired a new position in JD.com during the 2nd quarter worth $37,000. Union Bancaire Privee UBP SA increased its position in shares of JD.com by 136.0% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock worth $41,000 after purchasing an additional 680 shares during the last quarter. Allworth Financial LP lifted its position in shares of JD.com by 158.4% during the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock worth $44,000 after purchasing an additional 830 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in JD.com by 54.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,786 shares of the information services provider’s stock worth $58,000 after purchasing an additional 630 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Down 1.7%

Shares of NASDAQ:JD opened at $28.90 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $29.50 and its 200 day moving average price is $31.67. The company has a market cap of $41.40 billion, a PE ratio of 9.83, a P/E/G ratio of 5.35 and a beta of 0.40. JD.com, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $46.44.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The company had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same quarter last year, the business earned $8.68 earnings per share. JD.com’s revenue was up 14.9% compared to the same quarter last year. Sell-side analysts anticipate that JD.com, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

JD has been the topic of a number of research analyst reports. Arete Research set a $32.00 target price on JD.com in a report on Tuesday, December 9th. Susquehanna reiterated a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Morgan Stanley dropped their target price on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday. Citigroup decreased their price target on shares of JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, January 2nd. Finally, Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.40.

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.