Quad Capital Management Advisors LLC acquired a new position in JD.com (NASDAQ:JD) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 35,000 shares of the information services provider’s stock, valued at approximately $1,450,000. JD.com accounts for 0.6% of Quad Capital Management Advisors LLC’s investment portfolio, making the stock its 20th biggest holding.
Other hedge funds also recently bought and sold shares of the company. Nationwide Fund Advisors lifted its holdings in shares of JD.com by 94.7% in the 3rd quarter. Nationwide Fund Advisors now owns 64,767 shares of the information services provider’s stock worth $2,474,000 after purchasing an additional 31,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of JD.com by 41.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 10,785 shares of the information services provider’s stock worth $412,000 after purchasing an additional 3,154 shares during the last quarter. Stevens Capital Management LP lifted its holdings in shares of JD.com by 291.8% in the 3rd quarter. Stevens Capital Management LP now owns 23,921 shares of the information services provider’s stock worth $914,000 after purchasing an additional 17,815 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of JD.com by 4,148.3% in the 3rd quarter. Principal Financial Group Inc. now owns 924,822 shares of the information services provider’s stock worth $35,328,000 after purchasing an additional 903,053 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in shares of JD.com in the 3rd quarter worth approximately $101,000. Institutional investors and hedge funds own 43.58% of the company’s stock.
Several analysts recently issued reports on JD shares. Stifel Nicolaus assumed coverage on JD.com in a report on Wednesday, December 13th. They issued a “buy” rating and a $48.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and set a $56.00 target price on shares of JD.com in a research note on Tuesday, February 27th. Vetr upgraded JD.com from a “hold” rating to a “buy” rating and set a $48.61 price target on the stock in a research report on Friday, January 19th. Zacks Investment Research cut JD.com from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo restated a “buy” rating and issued a $50.00 target price on shares of JD.com in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. JD.com has an average rating of “Buy” and an average price target of $48.91.
Shares of JD opened at $39.23 on Friday. JD.com has a 12-month low of $31.57 and a 12-month high of $50.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.97. The stock has a market cap of $57,229.11, a P/E ratio of 3,923.00, a PEG ratio of 9.71 and a beta of 1.61.
JD.com (NASDAQ:JD) last released its quarterly earnings data on Friday, March 2nd. The information services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). JD.com had a negative net margin of 0.05% and a positive return on equity of 2.38%. The company had revenue of $110,165.33 billion during the quarter, compared to the consensus estimate of $108.88 billion. During the same quarter in the prior year, the company posted ($0.40) earnings per share. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. analysts anticipate that JD.com will post 0.18 EPS for the current fiscal year.
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JD.com, Inc, through its subsidiaries, operates as an e-commerce company in the People's Republic of China. The company operates in two segments, JD Mall and New Businesses. It sells mobile handsets, consumer electronics products, and auto parts and accessories; home appliances; and general merchandise products directly to customers through its Website jd.com and mobile applications.
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