Sigma Planning Corp Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Sigma Planning Corp acquired a new stake in JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 5,363 shares of the information services provider’s stock, valued at approximately $215,000.

Other hedge funds also recently modified their holdings of the company. SRN Advisors LLC raised its holdings in JD.com by 1.6% in the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after acquiring an additional 516 shares during the period. Panagora Asset Management Inc. grew its position in shares of JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after purchasing an additional 719 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of JD.com by 4.8% in the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock valued at $447,000 after purchasing an additional 797 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of JD.com by 3.1% during the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after purchasing an additional 889 shares during the period. Finally, First Pacific Financial boosted its stake in JD.com by 5.6% in the 2nd quarter. First Pacific Financial now owns 16,927 shares of the information services provider’s stock valued at $437,000 after purchasing an additional 891 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analysts Set New Price Targets

JD has been the topic of several recent research reports. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 13th. Citigroup lowered their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of JD.com in a report on Friday. Susquehanna reaffirmed a “neutral” rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. lifted their price target 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. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.36.

JD.com Price Performance

Shares of JD stock opened at $35.00 on Monday. The business has a fifty day simple moving average of $37.35 and a 200 day simple moving average of $31.56. The company has a market cap of $55.20 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.39 and a beta of 0.41. 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, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The company 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 3.12% and a return on equity of 14.70%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. On average, sell-side analysts forecast that JD.com, Inc. will post 3.74 EPS for the current fiscal 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.