Naviter Wealth LLC Has $788,000 Stock Position in JD.com, Inc. (NASDAQ:JD)

Naviter Wealth LLC grew its holdings in JD.com, Inc. (NASDAQ:JD) by 3.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 28,779 shares of the information services provider’s stock after purchasing an additional 988 shares during the period. Naviter Wealth LLC’s holdings in JD.com were worth $788,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JD. Aspex Management HK Ltd bought a new stake in shares of JD.com during the 4th quarter worth $114,009,000. FIL Ltd raised its position in JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares during the last quarter. National Bank of Canada FI raised its position in JD.com by 292.4% in the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after purchasing an additional 3,305,956 shares during the last quarter. Discerene Group LP raised its position in JD.com by 107.9% in the fourth quarter. Discerene Group LP now owns 3,347,232 shares of the information services provider’s stock valued at $96,702,000 after purchasing an additional 1,737,572 shares during the last quarter. Finally, Morgan Stanley raised its position in JD.com by 15.8% in the third quarter. Morgan Stanley now owns 9,277,951 shares of the information services provider’s stock valued at $270,267,000 after purchasing an additional 1,265,995 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Up 1.2 %

JD stock opened at $26.09 on Wednesday. The stock’s 50 day moving average is $30.27 and its 200-day moving average is $27.01. The firm has a market capitalization of $41.15 billion, a PE ratio of 11.91 and a beta of 0.39. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $41.95. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15.

JD.com (NASDAQ:JD) last issued its quarterly 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 business had revenue of $36.02 billion for the quarter, compared to analyst estimates of $35.75 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. Sell-side analysts expect that JD.com, Inc. will post 3.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JD. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of JD.com in a research report on Friday, May 17th. Mizuho raised their target price on JD.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group started coverage on JD.com in a research note on Thursday, April 25th. They set a “buy” rating and a $37.00 target price for the company. Macquarie raised JD.com from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $26.00 to $40.00 in a research note on Friday, May 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 target price on shares of JD.com in a research note on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.20.

JD.com Company 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.