JD.com, Inc. $JD Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC increased its position in JD.com, Inc. (NASDAQ:JD) by 139.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,334,816 shares of the information services provider’s stock after purchasing an additional 2,521,045 shares during the period. SG Americas Securities LLC owned 0.30% of JD.com worth $128,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of JD.com in the 4th quarter worth approximately $270,000. Empowered Funds LLC increased its holdings in shares of JD.com by 35.5% in the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after acquiring an additional 5,099 shares during the last quarter. Focus Partners Wealth raised its position in shares of JD.com by 36.5% during the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock valued at $1,184,000 after acquiring an additional 7,701 shares in the last quarter. First Trust Advisors LP raised its position in shares of JD.com by 26.2% during the 2nd quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock valued at $4,461,000 after acquiring an additional 28,339 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in JD.com by 22.4% during the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock worth $2,147,000 after purchasing an additional 12,053 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JD. Susquehanna lifted their price objective on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Barclays boosted their price objective on shares of JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Benchmark increased their price objective on shares of JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

JD.com Price Performance

Shares of JD opened at $27.57 on Monday. The company has a market cap of $34.41 billion, a P/E ratio of 21.54 and a beta of 0.39. The stock has a fifty day moving average price of $30.03 and a 200 day moving average price of $29.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $36.86.

JD.com (NASDAQ:JD) last issued its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The firm had revenue of $45.79 billion for the quarter. On average, research analysts forecast that JD.com, Inc. will post 2.71 earnings per share for the current year.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.