WCG Wealth Advisors LLC Acquires 8,732 Shares of JD.com, Inc. (NASDAQ:JD)

WCG Wealth Advisors LLC lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 43.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,675 shares of the information services provider’s stock after acquiring an additional 8,732 shares during the period. WCG Wealth Advisors LLC’s holdings in JD.com were worth $741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in JD. FIL Ltd boosted its holdings in JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after purchasing an additional 3,441,605 shares during the last quarter. Contrarius Investment Management Ltd purchased a new position in JD.com during the fourth quarter worth about $9,384,000. Canada Pension Plan Investment Board boosted its holdings in JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after purchasing an additional 129,763 shares during the last quarter. Carmignac Gestion boosted its holdings in JD.com by 3.1% during the fourth quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock worth $27,874,000 after purchasing an additional 29,159 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in JD.com by 234.0% in the fourth quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock valued at $3,063,000 after acquiring an additional 74,269 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

Shares of JD stock opened at $28.74 on Friday. The stock has a market capitalization of $45.33 billion, a P/E ratio of 13.12 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. The firm’s 50 day moving average is $26.56 and its 200 day moving average is $27.79. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $35.69.

JD.com (NASDAQ:JD) last posted its 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 for the quarter, compared to analyst estimates of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. JD.com’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, sell-side analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current year.

Analyst Ratings Changes

JD has been the topic of a number of research analyst reports. Susquehanna reiterated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $33.00 to $36.00 in a research note on Friday, August 16th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Friday. Benchmark dropped their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, 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 research note on Friday, August 16th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average target price of $36.93.

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.