Cetera Investment Advisers Lowers Stock Position in JD.com, Inc. $JD

Cetera Investment Advisers cut its stake in shares of JD.com, Inc. (NASDAQ:JD) by 21.2% in the first quarter, HoldingsChannel reports. The fund owned 76,031 shares of the information services provider’s stock after selling 20,449 shares during the period. Cetera Investment Advisers’ holdings in JD.com were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Binnacle Investments Inc lifted its holdings in JD.com by 365.8% during 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 in the last quarter. Root Financial Partners LLC boosted its position in shares of JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after purchasing an additional 1,020 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after purchasing an additional 815 shares in the last quarter. EFG International AG purchased a new stake in shares of JD.com in the fourth quarter worth $36,000. Finally, Inspire Investing LLC bought a new stake in shares of JD.com during the 4th quarter valued at $38,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JD. Sanford C. Bernstein lifted their target price on shares of JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Benchmark increased their price target on JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Zacks Research raised JD.com from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Wall Street Zen raised JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Barclays lowered their price objective on JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 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 given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

JD.com Trading Up 0.5%

Shares of JD opened at $32.97 on Friday. The firm has a market cap of $41.16 billion, a P/E ratio of 25.76 and a beta of 0.38. 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, Inc. has a 1 year low of $24.51 and a 1 year high of $36.86. The company has a 50 day simple moving average of $28.96 and a two-hundred day simple moving average of $29.00.

JD.com (NASDAQ:JD) last released 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 firm had revenue of $45.79 billion for the quarter. On average, equities analysts expect that JD.com, Inc. will post 2.78 earnings per share for the current fiscal year.

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.