Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 18.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,688 shares of the information services provider’s stock after buying an additional 1,830 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in JD.com were worth $468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Panagora Asset Management Inc. increased its position in shares of JD.com by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after buying an additional 719 shares during the period. Texas Yale Capital Corp. lifted its stake in JD.com by 5.8% in the 1st quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock worth $383,000 after purchasing an additional 760 shares in the last quarter. Henry James International Management Inc. boosted its holdings in JD.com by 3.6% in the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock valued at $626,000 after purchasing an additional 786 shares during the period. V Square Quantitative Management LLC grew its position in shares of JD.com by 4.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock valued at $447,000 after purchasing an additional 797 shares in the last quarter. Finally, First Pacific Financial increased its holdings in shares of JD.com by 5.6% in the second quarter. First Pacific Financial now owns 16,927 shares of the information services provider’s stock worth $437,000 after purchasing an additional 891 shares during the period. 15.98% of the stock is owned by institutional investors.

JD.com Trading Down 7.0 %

Shares of JD opened at $38.35 on Friday. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. 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’s 50-day moving average price is $36.42 and its 200-day moving average price is $31.28. The firm has a market capitalization of $60.48 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.43 and a beta of 0.41.

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

Wall Street Analysts Forecast Growth

JD has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Tuesday, October 15th. Barclays raised their price objective 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. JPMorgan Chase & Co. upped their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Sanford C. Bernstein cut their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.71.

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.