First Trust Direct Indexing L.P. Acquires New Shares in JD.com, Inc. (NASDAQ:JD)

First Trust Direct Indexing L.P. acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 5,862 shares of the information services provider’s stock, valued at approximately $234,000.

Other institutional investors also recently modified their holdings of the company. Diversify Advisory Services LLC purchased a new position in JD.com in the third quarter worth about $4,657,000. China Universal Asset Management Co. Ltd. purchased a new position in JD.com in the third quarter worth about $740,000. Leuthold Group LLC boosted its position in JD.com by 54.6% in the third quarter. Leuthold Group LLC now owns 14,899 shares of the information services provider’s stock worth $596,000 after purchasing an additional 5,263 shares during the last quarter. SRN Advisors LLC boosted its position in JD.com by 1.6% in the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after purchasing an additional 516 shares during the last quarter. Finally, Polunin Capital Partners Ltd boosted its position in JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after purchasing an additional 447,264 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

NASDAQ:JD opened at $40.03 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The stock’s 50 day simple moving average is $35.65 and its two-hundred day simple moving average is $31.08. The company has a market cap of $63.13 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.45 and a beta of 0.41.

JD.com (NASDAQ:JD) last released its quarterly earnings data 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. 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 the consensus estimate of $291.01 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JD has been the topic of several recent research reports. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark reaffirmed a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Tuesday, October 15th. Barclays raised their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

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.