Bank of Montreal Can Buys Shares of 24,975 JD.com, Inc. (NASDAQ:JD)

Bank of Montreal Can bought a new position in JD.com, Inc. (NASDAQ:JD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,975 shares of the information services provider’s stock, valued at approximately $645,000.

Several other hedge funds have also recently modified their holdings of JD. Atlas Capital Advisors LLC purchased a new stake in JD.com in the second quarter worth approximately $28,000. Allspring Global Investments Holdings LLC boosted 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 worth $52,000 after buying an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC purchased a new position in shares of JD.com in the 1st quarter worth $58,000. Advisors Preferred LLC bought a new stake in shares of JD.com in the first quarter worth $126,000. Finally, Unique Wealth Strategies LLC purchased a new stake in JD.com during the second quarter valued at $172,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $33.00 to $36.00 in a research report on Friday, August 16th. Sanford C. Bernstein cut 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 decreased their target price on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Barclays lowered their target price on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.93.

JD.com Trading Down 7.5 %

Shares of JD opened at $43.54 on Wednesday. The stock has a market capitalization of $68.67 billion, a PE ratio of 19.88, a P/E/G ratio of 0.45 and a beta of 0.42. The company’s fifty day moving average is $29.55 and its 200 day moving average is $28.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

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

JD.com Company 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.