Y Intercept Hong Kong Ltd Purchases New Stake in JD.com, Inc. $JD

Y Intercept Hong Kong Ltd acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 254,888 shares of the information services provider’s stock, valued at approximately $7,537,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Binnacle Investments Inc increased its stake in shares of JD.com by 365.8% in the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after acquiring an additional 589 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of JD.com by 1,020.0% during the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after acquiring an additional 1,020 shares during the last quarter. Wexford Capital LP acquired a new position in shares of JD.com during the 3rd quarter valued at about $43,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 815 shares during the period. Finally, EFG International AG acquired a new stake in JD.com during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD stock opened at $26.62 on Friday. The firm’s 50 day moving average price is $29.13 and its 200-day moving average price is $28.80. 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 one year low of $24.51 and a one year high of $36.86. The firm has a market cap of $33.23 billion, a P/E ratio of 20.80 and a beta of 0.40.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The firm 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%. As a group, equities research analysts predict that JD.com, Inc. will post 2.77 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on JD. Daiwa Securities Group reaffirmed a “hold” rating and set a $27.00 target price on shares of JD.com in a research note on Tuesday, June 23rd. Benchmark raised their price target on shares of JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Sanford C. Bernstein lifted their price target 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. Citigroup upped their price objective on JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings lowered JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.62.

JD.com Company 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.