NewEdge Advisors LLC Sells 90,872 Shares of JD.com, Inc. $JD

NewEdge Advisors LLC lessened its stake in JD.com, Inc. (NASDAQ:JD) by 84.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,533 shares of the information services provider’s stock after selling 90,872 shares during the period. NewEdge Advisors LLC’s holdings in JD.com were worth $489,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in shares of JD.com by 139.0% during the first quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock worth $128,181,000 after acquiring an additional 2,521,045 shares during the period. SIH Partners LLLP raised its stake in shares of JD.com by 74.1% during the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after acquiring an additional 2,125,212 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JD.com by 1,172.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock valued at $35,434,000 after purchasing an additional 1,137,592 shares during the period. HighTower Advisors LLC boosted its holdings in shares of JD.com by 197.2% in the fourth quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock valued at $39,744,000 after purchasing an additional 918,880 shares during the period. Finally, L1 Capital Pty Ltd bought a new position in JD.com in the fourth quarter worth approximately $20,959,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on JD. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, August 14th. Mizuho set a $39.00 price target on JD.com in a research report on Friday, August 14th. Barclays cut their price target on JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Finally, Morgan Stanley upped their price objective on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.83.

JD.com Stock Down 0.1%

JD.com stock opened at $29.37 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19. The firm has a market cap of $36.66 billion, a P/E ratio of 20.40 and a beta of 0.38. The business has a fifty day moving average of $29.19 and a two-hundred day moving average of $29.06. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $36.86.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The business’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $4.97 EPS. On average, analysts forecast that JD.com, Inc. will post 2.78 earnings per share for the current fiscal 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.