Marex Group plc Invests $6.41 Million in JD.com, Inc. $JD

Marex Group plc acquired a new stake in JD.com, Inc. (NASDAQ:JD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 196,354 shares of the information services provider’s stock, valued at approximately $6,409,000.

A number of other hedge funds have also bought and sold shares of JD. Ameritas Advisory Services LLC acquired a new position in JD.com in the second quarter valued at $37,000. Allworth Financial LP raised its position in shares of JD.com by 158.4% in the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock worth $44,000 after acquiring an additional 830 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of JD.com by 54.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,786 shares of the information services provider’s stock valued at $58,000 after purchasing an additional 630 shares during the period. MAI Capital Management boosted its position in shares of JD.com by 153.3% during the 2nd quarter. MAI Capital Management now owns 1,905 shares of the information services provider’s stock valued at $62,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in JD.com by 508.3% during the second quarter. Hantz Financial Services Inc. now owns 4,167 shares of the information services provider’s stock worth $136,000 after purchasing an additional 3,482 shares during the period. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

JD has been the topic of several recent analyst reports. Susquehanna reissued a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Arete Research set a $32.00 target price on shares of JD.com in a research report on Tuesday. Sanford C. Bernstein restated an “outperform” rating and issued a $38.00 price target on shares of JD.com in a report on Friday, November 14th. Nomura decreased their price target on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Finally, Mizuho set a $41.00 price objective on shares of JD.com in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $39.14.

JD.com Trading Down 0.3%

NASDAQ:JD opened at $29.44 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. JD.com, Inc. has a one year low of $28.21 and a one year high of $46.44. The company has a market cap of $42.17 billion, a PE ratio of 10.01, a PEG ratio of 6.62 and a beta of 0.40. The firm has a 50-day moving average of $31.52 and a 200-day moving average of $32.30.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $41.98 billion for the quarter, compared to analysts’ expectations of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $8.68 EPS. As a group, equities research analysts expect that JD.com, Inc. will post 3.91 EPS for the current fiscal 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.