Victory Financial Group LLC Purchases Shares of 27,178 JD.com, Inc. $JD

Victory Financial Group 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 firm bought 27,178 shares of the information services provider’s stock, valued at approximately $887,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dodge & Cox lifted its position in JD.com by 3.6% in the second quarter. Dodge & Cox now owns 18,705,949 shares of the information services provider’s stock worth $610,562,000 after buying an additional 643,000 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of JD.com by 2.0% during the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider’s stock valued at $633,986,000 after purchasing an additional 295,900 shares during the last quarter. Discerene Group LP raised its position in shares of JD.com by 11.8% in the 2nd quarter. Discerene Group LP now owns 6,210,851 shares of the information services provider’s stock valued at $202,722,000 after purchasing an additional 656,000 shares during the last quarter. Marshall Wace LLP lifted its position in JD.com by 48.9% during the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after acquiring an additional 1,753,236 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock worth $213,075,000 after buying an additional 2,018,675 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Arete Research set a $41.00 price objective on JD.com in a research note on Friday, September 26th. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Bank of America decreased their price target on shares of JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Nomura dropped their target price on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a report on Monday, November 17th. Finally, Morgan Stanley cut JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 price objective for the company. in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.43.

JD.com Price Performance

JD opened at $29.90 on Friday. The stock has a market cap of $42.83 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 6.69 and a beta of 0.40. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 1 year low of $28.21 and a 1 year high of $46.44. The stock has a fifty day moving average price of $32.12 and a 200 day moving average price of $32.44.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $41.98 billion for the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.68 earnings per share. Analysts forecast that JD.com, Inc. will post 3.91 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.