Columbus Hill Capital Management L.P. Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Columbus Hill Capital Management L.P. bought a new stake in JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,500 shares of the information services provider’s stock, valued at approximately $1,305,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new position in shares of JD.com in the second quarter worth $28,000. Allspring Global Investments Holdings LLC increased its position in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the period. Hexagon Capital Partners LLC bought a new position in shares of JD.com in the 1st quarter worth approximately $58,000. Parallel Advisors LLC lifted its position in JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after buying an additional 686 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in JD.com in the first quarter worth about $126,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 0.7 %

Shares of NASDAQ JD opened at $28.55 on Friday. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $35.69. The firm has a market cap of $45.03 billion, a PE ratio of 13.04 and a beta of 0.39. The business has a fifty day simple moving average of $26.56 and a two-hundred day simple moving average of $27.84. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating 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 firm had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JD. Loop Capital lowered their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research report on Friday. Sanford C. Bernstein dropped their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Benchmark reduced their price target on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Finally, Barclays reduced their price target on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.