Victory Capital Management Inc. Has $663,000 Stock Position in JD.com, Inc. (NASDAQ:JD)

Victory Capital Management Inc. grew its stake in JD.com, Inc. (NASDAQ:JD) by 81.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,663 shares of the information services provider’s stock after buying an additional 11,539 shares during the quarter. Victory Capital Management Inc.’s holdings in JD.com were worth $663,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ovata Capital Management Ltd bought a new position in shares of JD.com during the second quarter worth about $919,000. Belpointe Asset Management LLC bought a new position in shares of JD.com during the 2nd quarter worth approximately $1,247,000. Fortis Capital Advisors LLC acquired a new stake in shares of JD.com in the second quarter valued at approximately $473,000. Naviter Wealth LLC increased its stake in JD.com by 11.2% in the 2nd quarter. Naviter Wealth LLC now owns 31,992 shares of the information services provider’s stock valued at $827,000 after buying an additional 3,213 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in JD.com by 467.3% during the 2nd quarter. Natixis Advisors LLC now owns 134,849 shares of the information services provider’s stock worth $3,484,000 after buying an additional 111,079 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $36.00 in a research report on Friday, August 16th. StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research note on Friday. Loop Capital decreased their target price on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, June 21st. 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 report on Tuesday, July 16th. Finally, Susquehanna reissued a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Price Performance

JD.com stock opened at $28.55 on Friday. The company has a market capitalization of $45.03 billion, a price-to-earnings ratio of 13.04 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, Inc. has a 12 month low of $20.82 and a 12 month high of $35.69. The stock’s 50 day moving average is $26.56 and its 200-day moving average is $27.88.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $291.01 billion. During the same period in the prior year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts expect that JD.com, Inc. will post 3.74 EPS for the current year.

About JD.com

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.