Sequoia Financial Advisors LLC Buys 1,122 Shares of JD.com, Inc. (NASDAQ:JD)

Sequoia Financial Advisors LLC grew its stake in shares of JD.com, Inc. (NASDAQ:JD) by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,756 shares of the information services provider’s stock after acquiring an additional 1,122 shares during the period. Sequoia Financial Advisors LLC’s holdings in JD.com were worth $390,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com in the 2nd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC lifted its holdings 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 worth $52,000 after buying an additional 1,681 shares during the period. Hexagon Capital Partners LLC bought a new stake in JD.com during the 1st quarter valued at $58,000. Advisors Preferred LLC purchased a new position in shares of JD.com in the 1st quarter valued at $126,000. Finally, Blue Trust Inc. increased its holdings in shares of JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Susquehanna reaffirmed a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Barclays increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

JD.com Price Performance

Shares of NASDAQ JD opened at $39.90 on Monday. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The firm has a market cap of $62.93 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.61 and a beta of 0.42. The business’s 50 day moving average price is $33.78 and its 200 day moving average price is $30.34.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that JD.com, Inc. will post 3.77 earnings per share for the current 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.