Partners Wealth Management LLC Acquires 22,500 Shares of JD.com, Inc. $JD

Partners Wealth Management LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,500 shares of the information services provider’s stock, valued at approximately $598,000.

Other large investors have also bought and sold shares of the company. Quintet Private Bank Europe S.A. lifted its holdings in JD.com by 5.8% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 8,263 shares of the information services provider’s stock worth $220,000 after buying an additional 450 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of JD.com by 52.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,713 shares of the information services provider’s stock valued at $51,000 after buying an additional 589 shares during the period. Bank of New York Mellon Corp increased its stake in shares of JD.com by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 61,939 shares of the information services provider’s stock valued at $1,832,000 after buying an additional 743 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of JD.com by 27.9% in the third quarter. SBI Securities Co. Ltd. now owns 9,051 shares of the information services provider’s stock valued at $241,000 after buying an additional 1,975 shares during the period. Finally, Assetmark Inc. raised its position in shares of JD.com by 184.4% during the first quarter. Assetmark Inc. now owns 3,293 shares of the information services provider’s stock worth $97,000 after acquiring an additional 2,135 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JD. Zacks Research downgraded JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Mizuho set a $39.00 target price on shares of JD.com in a research report on Friday, August 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, August 14th. Barclays lowered their price target on shares of JD.com from $41.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. Finally, Weiss Ratings downgraded shares of JD.com from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 21st. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

JD.com Stock Performance

Shares of JD opened at $25.68 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $32.06 billion, a P/E ratio of 17.83 and a beta of 0.33. The firm’s fifty day simple moving average is $27.01 and its two-hundred day simple moving average is $28.59. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $34.30.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The firm had revenue of $50.99 billion during the quarter, compared to analyst estimates of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $4.97 EPS. As a group, analysts predict that JD.com, Inc. will post 2.90 EPS for the current year.

JD.com Company Profile

JD.com, Inc (NASDAQ:JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.

Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.