Nykredit A S Invests $518,000 in JD.com, Inc. $JD

Nykredit A S bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,345 shares of the information services provider’s stock, valued at approximately $518,000.

A number of other large investors also recently modified their holdings of JD. Binnacle Investments Inc increased its holdings in shares of JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares during the period. Root Financial Partners LLC boosted its stake in JD.com by 1,020.0% during the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares during the period. Caitong International Asset Management Co. Ltd grew its position in JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after buying an additional 815 shares in the last quarter. EFG International AG purchased a new position in JD.com during the fourth quarter worth about $36,000. Finally, Inspire Investing LLC bought a new position in JD.com in the 4th quarter worth about $38,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Down 2.1%

Shares of NASDAQ JD opened at $27.68 on Wednesday. The stock has a market capitalization of $34.55 billion, a P/E ratio of 19.22 and a beta of 0.35. JD.com, Inc. has a one year low of $24.51 and a one year high of $36.86. The firm’s 50 day simple moving average is $29.60 and its two-hundred day simple moving average is $29.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $50.99 billion during the quarter, compared to analysts’ expectations of $50.38 billion. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.97 EPS. As a group, analysts expect that JD.com, Inc. will post 2.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Susquehanna lowered their price target on JD.com from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, August 17th. Arete Research set a $30.00 price objective on JD.com and gave the stock a “neutral” rating in a report on Monday. Benchmark restated a “buy” rating on shares of JD.com in a research report on Friday, August 14th. Zacks Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley lifted their price objective on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.25.

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.