Bank of Montreal Can Makes New $645,000 Investment in JD.com, Inc. (NASDAQ:JD)

Bank of Montreal Can bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the second quarter, Holdings Channel.com reports. The fund bought 24,975 shares of the information services provider’s stock, valued at approximately $645,000.

A number of other large investors have also recently made changes to their positions in JD. Atlas Capital Advisors LLC bought a new position in JD.com in the second quarter worth approximately $28,000. Allspring Global Investments Holdings LLC raised its position in 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 valued at $52,000 after purchasing an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com in the 1st quarter worth $58,000. Advisors Preferred LLC bought a new position in shares of JD.com during the 1st quarter worth $126,000. Finally, Unique Wealth Strategies LLC purchased a new position in shares of JD.com during the second quarter valued at $172,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on JD shares. Susquehanna reaffirmed a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. Sanford C. Bernstein dropped their price objective 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. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Benchmark lowered their target price on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Loop Capital cut their price target on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.93.

JD.com Stock Performance

Shares of JD opened at $43.54 on Wednesday. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The stock has a fifty day moving average price of $29.55 and a 200-day moving average price of $28.93. 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 has a market cap of $68.67 billion, a PE ratio of 19.88, a P/E/G ratio of 0.45 and a beta of 0.42.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter last year, the company earned $0.68 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that JD.com, Inc. will post 3.74 earnings per share 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.