Sei Investments Co. Acquires 75,956 Shares of JD.com, Inc. $JD

Sei Investments Co. lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 77.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,753 shares of the information services provider’s stock after purchasing an additional 75,956 shares during the period. Sei Investments Co.’s holdings in JD.com were worth $5,138,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Binnacle Investments Inc increased its holdings in JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 589 shares during the period. Root Financial Partners LLC lifted its holdings in JD.com by 1,020.0% during the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after buying an additional 1,020 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of JD.com by 191.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after buying an additional 815 shares during the last quarter. EFG International AG acquired a new stake in shares of JD.com in the fourth quarter valued at about $36,000. Finally, Inspire Investing LLC acquired a new stake in shares of JD.com in the fourth quarter valued at about $38,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Trading Down 0.2%

Shares of JD stock opened at $32.97 on Wednesday. The company has a market cap of $41.16 billion, a P/E ratio of 25.76 and a beta of 0.38. The stock has a 50 day simple moving average of $28.75 and a two-hundred day simple moving average of $28.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $36.86.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $45.79 billion for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. Research analysts forecast that JD.com, Inc. will post 2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

JD has been the topic of a number of recent analyst reports. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Arete Research set a $37.00 price objective on shares of JD.com in a research note on Friday, April 17th. Zacks Research upgraded shares of JD.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Barclays dropped their target price on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

JD.com Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.