JD.com, Inc. $JD Stock Acquired by StoneX Group Inc.

StoneX Group Inc. raised its holdings in JD.com, Inc. (NASDAQ:JD) by 261.7% in the third quarter, Holdings Channel.com reports. The fund owned 31,708 shares of the information services provider’s stock after acquiring an additional 22,942 shares during the quarter. StoneX Group Inc.’s holdings in JD.com were worth $843,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quintet Private Bank Europe S.A. boosted its holdings in JD.com by 5.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 8,263 shares of the information services provider’s stock worth $220,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of JD.com by 52.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,713 shares of the information services provider’s stock worth $51,000 after buying an additional 589 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of JD.com by 8.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 8,639 shares of the information services provider’s stock worth $230,000 after buying an additional 654 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of JD.com by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 61,939 shares of the information services provider’s stock worth $1,832,000 after buying an additional 743 shares during the period. Finally, May Hill Capital LLC boosted its holdings in shares of JD.com by 13.7% during the 3rd quarter. May Hill Capital LLC now owns 9,325 shares of the information services provider’s stock worth $248,000 after buying an additional 1,123 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of NASDAQ:JD opened at $28.31 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82. The stock has a market capitalization of $35.34 billion, a price-to-earnings ratio of 19.66 and a beta of 0.30. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $34.30. The business’s fifty day moving average price is $26.88 and its two-hundred day moving average price is $28.54.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. JD.com had a return on equity of 6.78% and a net margin of 1.13%. The company had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same quarter in the previous year, the firm earned $4.97 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that JD.com, Inc. will post 2.90 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JD has been the topic of several recent analyst reports. Zacks Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Arete Research cut shares of JD.com from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Monday, September 7th. Benchmark reiterated a “buy” rating on shares of JD.com in a research note on Friday, August 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, August 14th. Finally, Weiss Ratings raised JD.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.33.

About JD.com

JD.com, Inc. is a China-based technology and e-commerce company that operates an online retail platform. It sells a broad range of products, including electronics, home appliances, apparel, groceries and household goods, through direct sales and marketplace services that connect customers with third-party merchants. The company also provides logistics and supply-chain services through its JD Logistics business, including warehousing, delivery and fulfillment for JD.com and other businesses. Its operations are centered in China, and it serves customers in selected international markets through cross-border commerce and other services.