Blue Trust Inc. Has $126,000 Stake in JD.com, Inc. (NASDAQ:JD)

Blue Trust Inc. grew its position in JD.com, Inc. (NASDAQ:JD) by 295.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,158 shares of the information services provider’s stock after buying an additional 2,360 shares during the quarter. Blue Trust Inc.’s holdings in JD.com were worth $126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JD. Atlas Capital Advisors LLC acquired a new stake in JD.com in the second quarter valued at about $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 valued at $52,000 after purchasing an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC bought a new stake in shares of JD.com during the 1st quarter valued at approximately $58,000. Advisors Preferred LLC bought a new stake in shares of JD.com during the 1st quarter valued at approximately $126,000. Finally, Aaron Wealth Advisors LLC acquired a new position in JD.com during the 3rd quarter worth approximately $208,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Susquehanna restated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 8th. Barclays boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of JD.com in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

JD.com Stock Performance

Shares of JD stock opened at $41.64 on Tuesday. 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 firm has a fifty day simple moving average of $34.02 and a two-hundred day simple moving average of $30.44. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The firm has a market capitalization of $65.67 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 0.61 and a beta of 0.42.

JD.com (NASDAQ:JD) last released 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. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Analysts forecast that JD.com, Inc. will post 3.77 EPS 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.