GK Wealth Management LLC Acquires New Holdings in JD.com, Inc. $JD

GK Wealth Management LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD) during the second quarter, Holdings Channel reports. The fund bought 22,118 shares of the information services provider’s stock, valued at approximately $564,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Axiom Investment Management LLC bought a new position in JD.com in the 1st quarter valued at $291,000. Opal Capital LLC increased its holdings in shares of JD.com by 14.0% in the first quarter. Opal Capital LLC now owns 80,511 shares of the information services provider’s stock worth $2,381,000 after purchasing an additional 9,888 shares during the period. EverSource Wealth Advisors LLC raised its position 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 in the last quarter. Quantinno Capital Management LP raised its position in shares of JD.com by 187.2% in the first quarter. Quantinno Capital Management LP now owns 189,079 shares of the information services provider’s stock worth $5,591,000 after buying an additional 123,244 shares in the last quarter. Finally, Bridgewater Advisors Inc. bought a new stake in JD.com during the first quarter valued at $220,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Performance

JD.com stock opened at $32.97 on Wednesday. JD.com, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $36.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market cap of $41.16 billion, a P/E ratio of 25.76 and a beta of 0.38. The firm’s fifty day moving average price is $28.75 and its 200-day moving average price is $28.92.

JD.com (NASDAQ:JD) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $45.79 billion during the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. On average, equities research analysts expect that JD.com, Inc. will post 2.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on JD shares. Wall Street Zen upgraded JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Morgan Stanley raised their price target on JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Wednesday, May 13th. Sanford C. Bernstein lifted their price target on JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Arete Research set a $37.00 price target on JD.com in a research report on Friday, April 17th. Finally, Nomura boosted their price objective on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average price target 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.