Ritholtz Wealth Management Grows Stake in JD.com, Inc. (NASDAQ:JD)

Ritholtz Wealth Management boosted its position in shares of JD.com, Inc. (NASDAQ:JD) by 73.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,363 shares of the information services provider’s stock after acquiring an additional 20,840 shares during the quarter. Ritholtz Wealth Management’s holdings in JD.com were worth $1,276,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. FIL Ltd boosted its stake in shares of JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after acquiring an additional 3,441,605 shares during the last quarter. Contrarius Investment Management Ltd bought a new stake in JD.com during the fourth quarter valued at about $9,384,000. Canada Pension Plan Investment Board grew its holdings in JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after purchasing an additional 129,763 shares during the period. Carmignac Gestion increased its position in JD.com by 3.1% in the fourth quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock worth $27,874,000 after buying an additional 29,159 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of JD.com by 234.0% in the fourth quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock worth $3,063,000 after buying an additional 74,269 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

NASDAQ:JD opened at $27.00 on Tuesday. The business’s 50-day moving average is $26.60 and its 200 day moving average is $27.57. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $35.69. The company has a market capitalization of $42.58 billion, a P/E ratio of 12.33 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. During the same period in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. 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. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $26.00 to $40.00 in a research report on Friday, May 17th. Barclays lowered their target price on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $33.00 to $36.00 in a research note on Friday, August 16th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

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.