Private Advisor Group LLC Raises Holdings in JD.com, Inc. $JD

Private Advisor Group LLC lifted its position in JD.com, Inc. (NASDAQ:JD) by 25.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,639 shares of the information services provider’s stock after purchasing an additional 18,615 shares during the quarter. Private Advisor Group LLC’s holdings in JD.com were worth $2,739,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JD. Brighton Jones LLC bought a new stake in JD.com in the 4th quarter worth approximately $270,000. Empowered Funds LLC boosted its position in shares of JD.com by 35.5% during the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after acquiring an additional 5,099 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of JD.com by 36.5% in the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock valued at $1,184,000 after purchasing an additional 7,701 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of JD.com by 26.2% in the second quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock valued at $4,461,000 after purchasing an additional 28,339 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in JD.com by 22.4% in the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock worth $2,147,000 after purchasing an additional 12,053 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Up 0.4%

NASDAQ JD opened at $27.74 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $36.86. The firm has a market capitalization of $34.63 billion, a price-to-earnings ratio of 21.67 and a beta of 0.40. The company has a fifty day moving average of $28.91 and a two-hundred day moving average of $28.75.

JD.com (NASDAQ:JD) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. On average, analysts predict that JD.com, Inc. will post 2.77 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on JD. Benchmark increased their price objective on shares of JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Susquehanna boosted their target price on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings downgraded shares of JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, Arete Research set a $37.00 price target on shares of JD.com in a report on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average target price of $36.58.

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.