Sequoia Financial Advisors LLC Grows Holdings in JD.com, Inc. (NASDAQ:JD)

Sequoia Financial Advisors LLC lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,756 shares of the information services provider’s stock after acquiring an additional 1,122 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JD.com were worth $390,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC acquired a new stake in JD.com in the 1st quarter valued at $58,000. Allspring Global Investments Holdings LLC raised its position in shares of 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 worth $52,000 after purchasing an additional 1,681 shares during the last quarter. Naviter Wealth LLC raised its position in shares of JD.com by 3.6% during the 1st quarter. Naviter Wealth LLC now owns 28,779 shares of the information services provider’s stock worth $788,000 after purchasing an additional 988 shares during the last quarter. Van ECK Associates Corp boosted its holdings in JD.com by 20.5% in the 1st quarter. Van ECK Associates Corp now owns 202,452 shares of the information services provider’s stock worth $5,545,000 after buying an additional 34,451 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in JD.com by 87.8% during the 1st quarter. Private Advisor Group LLC now owns 27,839 shares of the information services provider’s stock worth $763,000 after buying an additional 13,015 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JD shares. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of JD.com in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, Susquehanna reiterated a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.67.

JD.com Trading Up 1.4 %

Shares of JD.com stock opened at $39.90 on Monday. The stock has a 50 day moving average of $33.78 and a 200 day moving average of $30.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The firm has a market capitalization of $62.93 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.61 and a beta of 0.42. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. As a group, research analysts predict that JD.com, Inc. will post 3.77 earnings per share for the current year.

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.