Cibc World Market Inc. Buys 34,272 Shares of JD.com, Inc. $JD

Cibc World Market Inc. raised its stake in JD.com, Inc. (NASDAQ:JD) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 259,519 shares of the information services provider’s stock after acquiring an additional 34,272 shares during the quarter. Cibc World Market Inc.’s holdings in JD.com were worth $7,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Binnacle Investments Inc increased its stake in shares of JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after buying an additional 589 shares during the period. Root Financial Partners LLC increased its stake in shares of JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares during the period. Assetmark Inc. increased its stake in shares of JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after buying an additional 399 shares during the period. Wexford Capital LP acquired a new position in shares of JD.com in the third quarter valued at approximately $43,000. Finally, Strengthening Families & Communities LLC acquired a new position in shares of JD.com in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JD shares. Susquehanna upped their price objective on JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Barclays upped their price objective on JD.com from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Citigroup upped their price objective on JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Sanford C. Bernstein increased their target price on shares of JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, UBS Group reissued a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

JD.com Stock Performance

NASDAQ:JD opened at $28.88 on Friday. The company has a market capitalization of $36.05 billion, a PE ratio of 22.56 and a beta of 0.39. The company has a 50 day simple moving average of $30.14 and a two-hundred day simple moving average of $29.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $36.86.

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

JD.com Profile

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.