JD.com, Inc. (NASDAQ:JD) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 253,300 shares of the information services provider’s stock after acquiring an additional 20,500 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in JD.com were worth $6,651,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JD. Atlas Capital Advisors LLC purchased a new position in JD.com during the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC lifted its stake in shares of JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the period. Hexagon Capital Partners LLC acquired a new position in shares of JD.com in the 1st quarter valued at $58,000. Parallel Advisors LLC boosted its holdings in JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in JD.com during the first quarter valued at $126,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Sanford C. Bernstein decreased their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Benchmark reduced their price target on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $36.00 in a report on Friday, August 16th. Barclays reduced their target price on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Loop Capital dropped their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Stock Up 2.4 %

Shares of NASDAQ JD opened at $26.92 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $26.55 and a 200 day moving average of $27.79. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $35.69. The stock has a market cap of $42.46 billion, a PE ratio of 12.29 and a beta of 0.39.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same period in the prior year, the business earned $0.68 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

JD.com Profile

JD.com, Inc operates as a supply chain-based technology and service provider 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.