Moody National Bank Trust Division Raises Holdings in JD.Com Inc (JD)

Moody National Bank Trust Division boosted its position in shares of JD.Com Inc (NASDAQ:JD) by 1,079.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 123,795 shares of the information services provider’s stock after acquiring an additional 113,295 shares during the quarter. Moody National Bank Trust Division’s holdings in JD.Com were worth $3,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Neuburgh Advisers LLC acquired a new position in shares of JD.Com in the 2nd quarter valued at about $102,000. Legacy Advisors LLC lifted its holdings in shares of JD.Com by 200.0% in the 2nd quarter. Legacy Advisors LLC now owns 3,000 shares of the information services provider’s stock valued at $117,000 after buying an additional 2,000 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of JD.Com by 69.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock valued at $130,000 after buying an additional 1,375 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of JD.Com in the 3rd quarter valued at about $130,000. Finally, Glen Harbor Capital Management LLC acquired a new position in shares of JD.Com in the 2nd quarter valued at about $140,000. 50.96% of the stock is owned by institutional investors.

NASDAQ JD opened at $24.05 on Friday. The stock has a market capitalization of $28.32 billion, a P/E ratio of 2,405.00 and a beta of 1.39. JD.Com Inc has a twelve month low of $21.58 and a twelve month high of $50.68. The company has a quick ratio of 0.66, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

JD.Com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.35. The company had revenue of $122.30 billion during the quarter, compared to analysts’ expectations of $122.78 billion. JD.Com had a negative return on equity of 0.96% and a negative net margin of 0.12%. JD.Com’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. As a group, equities research analysts expect that JD.Com Inc will post 0.14 EPS for the current year.

Several brokerages have recently issued reports on JD. Benchmark decreased their price objective on JD.Com from $48.00 to $43.00 and set a “buy” rating for the company in a report on Friday, August 17th. BidaskClub raised JD.Com from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research cut JD.Com from a “hold” rating to a “strong sell” rating in a report on Saturday. Nomura decreased their price objective on JD.Com from $44.00 to $41.00 and set a “buy” rating for the company in a report on Friday, August 17th. Finally, KeyCorp reduced their price target on JD.Com from $51.00 to $43.00 and set a “buy” rating for the company in a report on Friday, August 17th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.89.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

See Also: Ex-Dividend

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Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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