SRN Advisors LLC Raises Position in JD.com, Inc. (NASDAQ:JD)

SRN Advisors LLC grew its position in JD.com, Inc. (NASDAQ:JD) by 89.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 56,644 shares of the information services provider’s stock after buying an additional 26,726 shares during the period. JD.com makes up about 1.2% of SRN Advisors LLC’s investment portfolio, making the stock its 26th largest holding. SRN Advisors LLC’s holdings in JD.com were worth $1,551,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Avitas Wealth Management LLC raised its holdings in shares of JD.com by 1.5% during the first quarter. Avitas Wealth Management LLC now owns 39,966 shares of the information services provider’s stock valued at $1,095,000 after purchasing an additional 579 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of JD.com by 12.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock valued at $155,000 after purchasing an additional 602 shares during the last quarter. abrdn plc raised its holdings in shares of JD.com by 1.2% during the fourth quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock valued at $1,547,000 after purchasing an additional 659 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after purchasing an additional 686 shares during the last quarter. Finally, Solstein Capital LLC raised its holdings in shares of JD.com by 10.0% during the first quarter. Solstein Capital LLC now owns 7,704 shares of the information services provider’s stock valued at $211,000 after purchasing an additional 700 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

JD stock traded down $0.08 during trading on Friday, reaching $25.16. The company had a trading volume of 7,902,652 shares, compared to its average volume of 8,463,463. The firm has a 50-day simple moving average of $27.79 and a 200-day simple moving average of $26.98. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 11.49 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 1.15. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $40.15.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. The company had revenue of $36.02 billion during the quarter, compared to analysts’ expectations of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. As a group, sell-side analysts expect that JD.com, Inc. will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JD has been the subject of several recent research reports. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 29th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of JD.com in a research report on Friday, May 17th. Sanford C. Bernstein upped their price target on shares of JD.com from $28.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, May 17th. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $26.00 to $40.00 in a research report on Friday, May 17th. Finally, Loop Capital dropped their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.13.

JD.com 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.