Flax Pond Capital LLC Buys New Stake in JD.com, Inc. $JD

Flax Pond Capital LLC bought a new stake in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 83,942 shares of the information services provider’s stock, valued at approximately $2,409,000. JD.com accounts for 1.8% of Flax Pond Capital LLC’s holdings, making the stock its 26th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the company. Aurora Investment Managers LLC. grew its stake in shares of JD.com by 24.6% in the third quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock valued at $9,427,000 after buying an additional 53,223 shares in the last quarter. Schroder Investment Management Group lifted its stake in JD.com by 7.9% during the 3rd quarter. Schroder Investment Management Group now owns 656,282 shares of the information services provider’s stock worth $22,957,000 after acquiring an additional 48,039 shares in the last quarter. Cantor Fitzgerald L. P. lifted its stake in JD.com by 423.1% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 264,426 shares of the information services provider’s stock worth $9,250,000 after acquiring an additional 213,878 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in JD.com by 381.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock valued at $2,385,000 after acquiring an additional 65,829 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in JD.com during the 4th quarter valued at about $1,604,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

JD stock opened at $27.57 on Friday. The business’s 50-day moving average is $30.03 and its two-hundred day moving average is $29.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of $34.41 billion, a P/E ratio of 21.54 and a beta of 0.39. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $36.86.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The business had revenue of $45.79 billion during the quarter. Analysts anticipate that JD.com, Inc. will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent research reports. Susquehanna boosted their price target on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Barclays raised their price objective on shares of JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Nomura lifted their price objective on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Citigroup increased their target price on shares of JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Morgan Stanley raised their price target on shares of JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

JD.com 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.