Quantinno Capital Management LP Has $5.59 Million Holdings in JD.com, Inc. $JD

Quantinno Capital Management LP increased its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 187.2% during the first quarter, Holdings Channel.com reports. The fund owned 189,079 shares of the information services provider’s stock after purchasing an additional 123,244 shares during the quarter. Quantinno Capital Management LP’s holdings in JD.com were worth $5,591,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of JD. Bridgewater Advisors Inc. acquired a new position in shares of JD.com during the 1st quarter worth approximately $220,000. Compound Planning Inc. raised its position in shares of JD.com by 32.8% in the first quarter. Compound Planning Inc. now owns 30,039 shares of the information services provider’s stock valued at $888,000 after buying an additional 7,427 shares in the last quarter. Sei Investments Co. boosted its stake in shares of JD.com by 77.7% in the first quarter. Sei Investments Co. now owns 173,753 shares of the information services provider’s stock valued at $5,138,000 after buying an additional 75,956 shares during the period. Coronation Fund Managers Ltd. grew its position in JD.com by 39.9% during the first quarter. Coronation Fund Managers Ltd. now owns 12,228 shares of the information services provider’s stock worth $362,000 after buying an additional 3,487 shares in the last quarter. Finally, First Trust Advisors LP grew its position in JD.com by 19.2% during the first quarter. First Trust Advisors LP now owns 197,087 shares of the information services provider’s stock worth $5,828,000 after buying an additional 31,693 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ JD opened at $32.81 on Friday. The firm’s fifty day moving average price is $28.87 and its two-hundred day moving average price is $28.97. The stock has a market cap of $40.96 billion, a PE ratio of 25.63 and a beta of 0.38. 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 announced its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The company had revenue of $45.79 billion during the quarter. On average, equities analysts expect that JD.com, Inc. will post 2.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JD. Susquehanna lifted their price objective on JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Citigroup increased their target price on JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Daiwa Securities Group restated a “hold” rating and issued a $27.00 price target on shares of JD.com in a research report on Tuesday, June 23rd. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Finally, Zacks Research raised shares of JD.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and an average price target of $36.42.

JD.com Company 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.