Prescott Group Capital Management L.L.C. bought a new stake in shares of JD.com, Inc. (NASDAQ:JD – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 90,000 shares of the information services provider’s stock, valued at approximately $3,072,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new stake in shares of JD.com in the 2nd quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in JD.com in the 1st quarter worth $28,000. Bessemer Group Inc. boosted its stake in JD.com by 122.4% in the 2nd quarter. Bessemer Group Inc. now owns 945 shares of the information services provider’s stock worth $33,000 after purchasing an additional 520 shares during the period. Sandy Spring Bank acquired a new position in JD.com in the 1st quarter worth $35,000. Finally, Psagot Value Holdings Ltd. Israel acquired a new position in JD.com in the 1st quarter worth $40,000. Institutional investors own 15.98% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on JD. Citigroup reduced their price objective on shares of JD.com from $64.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, October 13th. StockNews.com downgraded shares of JD.com from a “buy” rating to a “hold” rating in a research note on Thursday. Loop Capital reduced their price objective on shares of JD.com from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Benchmark restated a “buy” rating and set a $67.00 price objective on shares of JD.com in a research note on Thursday. Finally, UBS Group upgraded shares of JD.com from a “neutral” rating to a “buy” rating and cut their target price for the company from $40.00 to $39.00 in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.14.
JD.com Stock Performance
JD.com stock traded up $1.14 during trading hours on Monday, hitting $28.75. The company had a trading volume of 7,105,149 shares, compared to its average volume of 10,683,760. The firm has a market cap of $40.15 billion, a PE ratio of 13.09, a PEG ratio of 0.26 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.34 and a quick ratio of 1.10. JD.com, Inc. has a one year low of $24.01 and a one year high of $67.10. The firm has a 50-day moving average of $27.99 and a 200 day moving average of $33.21.
JD.com (NASDAQ:JD – Get Free Report) last announced its earnings results on Wednesday, November 15th. The information services provider reported $6.70 EPS for the quarter, topping the consensus estimate of $5.87 by $0.83. JD.com had a net margin of 2.20% and a return on equity of 10.48%. The company had revenue of $247.70 billion for the quarter, compared to analysts’ expectations of $246.99 billion. During the same period last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, sell-side analysts expect that JD.com, Inc. will post 2.62 earnings per share for the current year.
JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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