JD.com, Inc. $JD Stock Holdings Decreased by Discerene Group LP

Discerene Group LP reduced its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 4.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,957,841 shares of the information services provider’s stock after selling 253,010 shares during the period. JD.com comprises 18.6% of Discerene Group LP’s portfolio, making the stock its 2nd biggest position. Discerene Group LP’s holdings in JD.com were worth $176,173,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC purchased a new stake in JD.com in the fourth quarter worth $270,000. Empowered Funds LLC boosted its stake in shares of JD.com by 35.5% during the first quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 5,099 shares during the period. Focus Partners Wealth grew its holdings in shares of JD.com by 36.5% in the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after purchasing an additional 7,701 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of JD.com by 26.2% in the second quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock worth $4,461,000 after purchasing an additional 28,339 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in JD.com by 22.4% in the 2nd quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock worth $2,147,000 after buying an additional 12,053 shares during the period. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on JD. Arete Research set a $37.00 price objective on shares of JD.com in a research report on Friday, April 17th. Zacks Research raised shares of JD.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Nomura lifted their price target on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Sanford C. Bernstein boosted their price target on JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Daiwa Securities Group reissued a “hold” rating and issued a $27.00 price objective on shares of JD.com in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $36.42.

JD.com Stock Up 0.3%

NASDAQ:JD opened at $30.19 on Friday. JD.com, Inc. has a 1-year low of $24.51 and a 1-year high of $36.86. The company has a 50-day moving average of $28.60 and a 200 day moving average of $28.80. The firm has a market cap of $37.68 billion, a PE ratio of 23.59 and a beta of 0.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The business had revenue of $45.79 billion for the quarter. As a group, research analysts anticipate that JD.com, Inc. will post 2.78 EPS for the current fiscal year.

About JD.com

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.