Sanctuary Advisors LLC Makes New $872,000 Investment in JD.com, Inc. (NASDAQ:JD)

Sanctuary Advisors LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,756 shares of the information services provider’s stock, valued at approximately $872,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JD. FIL Ltd boosted its holdings in shares of JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after acquiring an additional 3,441,605 shares in the last quarter. Discerene Group LP increased its position in JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after purchasing an additional 2,207,619 shares during the period. Lazard Asset Management LLC raised its stake in shares of JD.com by 30.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after buying an additional 1,368,356 shares in the last quarter. M&G Plc purchased a new position in shares of JD.com during the 1st quarter worth approximately $22,920,000. Finally, Varma Mutual Pension Insurance Co lifted its holdings in shares of JD.com by 285.0% in the 2nd quarter. Varma Mutual Pension Insurance Co now owns 946,300 shares of the information services provider’s stock valued at $24,452,000 after buying an additional 700,500 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Ratings Changes

JD has been the subject of several research analyst reports. Susquehanna reiterated a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Loop Capital reduced their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Sanford C. Bernstein dropped their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $36.00 in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.93.

JD.com Price Performance

JD.com stock opened at $43.83 on Friday. The firm’s 50-day moving average is $30.96 and its two-hundred day moving average is $29.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The stock has a market capitalization of $69.12 billion, a P/E ratio of 20.01, a P/E/G ratio of 0.65 and a beta of 0.42. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82.

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 company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. JD.com’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. Equities analysts predict that JD.com, Inc. will post 3.75 earnings per share for the current year.

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.