Choreo LLC Invests $1.05 Million in JD.com, Inc. (NASDAQ:JD)

Choreo LLC bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,479 shares of the information services provider’s stock, valued at approximately $1,046,000.

Several other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in JD.com by 348.8% during the fourth quarter. International Assets Investment Management LLC now owns 31,346 shares of the information services provider’s stock worth $906,000 after purchasing an additional 24,361 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of JD.com by 44.6% in the fourth quarter. Natixis Advisors L.P. now owns 18,837 shares of the information services provider’s stock valued at $544,000 after acquiring an additional 5,814 shares in the last quarter. Private Advisor Group LLC increased its position in shares of JD.com by 26.4% during the fourth quarter. Private Advisor Group LLC now owns 14,824 shares of the information services provider’s stock valued at $417,000 after acquiring an additional 3,097 shares during the last quarter. Boston Partners bought a new stake in JD.com during the fourth quarter worth $500,000. Finally, Avantax Advisory Services Inc. purchased a new position in JD.com in the fourth quarter worth $423,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ:JD opened at $26.65 on Friday. The business’s fifty day moving average is $26.56 and its 200 day moving average is $27.66. The firm has a market cap of $42.03 billion, a price-to-earnings ratio of 12.17 and a beta of 0.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $35.69.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Loop Capital decreased their target price on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Susquehanna restated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Benchmark dropped their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Bank of America raised their price target on shares of JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Mizuho upped their price objective on JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.93.

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.