Prime Capital Investment Advisors LLC Purchases New Holdings in JD.com, Inc. $JD

Prime Capital Investment Advisors LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,420 shares of the information services provider’s stock, valued at approximately $889,000.

Other institutional investors have also recently modified their holdings of the company. FengHe Fund Management Pte. Ltd. lifted its holdings in shares of JD.com by 106.7% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock worth $7,521,000 after acquiring an additional 111,000 shares during the period. Nordea Investment Management AB raised its position in JD.com by 2.3% during the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after purchasing an additional 13,755 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in JD.com during the second quarter valued at approximately $898,000. Creative Planning increased its stake in shares of JD.com by 121.0% in the 2nd quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock valued at $12,340,000 after purchasing an additional 206,985 shares during the last quarter. Finally, Monaco Asset Management SAM raised its holdings in shares of JD.com by 214.3% during the 2nd quarter. Monaco Asset Management SAM now owns 110,000 shares of the information services provider’s stock worth $3,590,000 after buying an additional 75,000 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JD shares. Mizuho set a $41.00 target price on JD.com in a research report on Wednesday, October 22nd. Nomura decreased their price target on shares of JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Arete Research set a $32.00 price objective on shares of JD.com in a research report on Tuesday, December 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $38.00 target price on shares of JD.com in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of JD.com in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.71.

JD.com Price Performance

Shares of NASDAQ:JD opened at $28.01 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. JD.com, Inc. has a 52 week low of $27.16 and a 52 week high of $46.44. The firm has a market cap of $40.13 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 6.01 and a beta of 0.41. The firm’s fifty day moving average is $29.17 and its 200-day moving average is $31.25.

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

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.