Virtu Financial LLC Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Virtu Financial LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,067 shares of the information services provider’s stock, valued at approximately $958,000.

Other large investors have also recently modified their holdings of the company. Atlas Capital Advisors LLC purchased a new position in JD.com in the 2nd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of JD.com by 812.1% during the first 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 in the last quarter. Hexagon Capital Partners LLC bought a new position in shares of JD.com during the first quarter valued at $58,000. Parallel Advisors LLC increased its holdings in JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in JD.com in the 1st quarter worth about $126,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JD. Barclays dropped their price target 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. Sanford C. Bernstein dropped their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Susquehanna reiterated a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Friday, August 16th. Finally, Loop Capital reduced their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, JD.com has an average rating of “Moderate Buy” and an average price target of $36.93.

JD.com Price Performance

JD stock opened at $26.92 on Thursday. The business’s 50-day moving average price is $26.55 and its 200-day moving average price is $27.78. The stock has a market cap of $42.46 billion, a P/E ratio of 12.29 and a beta of 0.39. 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 $35.69.

JD.com (NASDAQ:JD) last issued its quarterly earnings results 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. The business 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 2.80% and a return on equity of 13.51%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. On average, equities research analysts forecast 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.