Frank Rimerman Advisors LLC Acquires Shares of 21,591 JD.com, Inc. (NASDAQ:JD)

Frank Rimerman Advisors LLC bought a new position in JD.com, Inc. (NASDAQ:JD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,591 shares of the information services provider’s stock, valued at approximately $558,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JD. Atlas Capital Advisors LLC purchased a new position in shares of JD.com during the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC increased its position in JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC purchased a new stake in JD.com during the first quarter valued at $58,000. Parallel Advisors LLC lifted its holdings in JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after acquiring an additional 686 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in shares of JD.com during the 1st quarter valued at about $126,000. 15.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays cut their target price on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. 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. Loop Capital lowered their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Benchmark decreased their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.93.

JD.com Trading Up 4.2 %

Shares of JD opened at $29.76 on Tuesday. The stock has a market capitalization of $46.93 billion, a PE ratio of 13.59 and a beta of 0.39. The company’s fifty day moving average is $26.63 and its 200 day moving average is $27.94. 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 $35.69.

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

About JD.com

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.