Sei Investments Co. Grows Stake in JD.com, Inc. (NASDAQ:JD)

Sei Investments Co. lifted its stake in JD.com, Inc. (NASDAQ:JD) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,723 shares of the information services provider’s stock after purchasing an additional 8,295 shares during the quarter. Sei Investments Co.’s holdings in JD.com were worth $5,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JD. Columbus Hill Capital Management L.P. purchased a new stake in JD.com during the 2nd quarter valued at $1,305,000. Pacer Advisors Inc. lifted its holdings in shares of JD.com by 11.6% during the second quarter. Pacer Advisors Inc. now owns 68,851 shares of the information services provider’s stock valued at $1,779,000 after purchasing an additional 7,163 shares in the last quarter. Leuthold Group LLC purchased a new stake in shares of JD.com during the second quarter valued at $249,000. XTX Topco Ltd bought a new stake in JD.com in the 2nd quarter worth about $426,000. Finally, WCG Wealth Advisors LLC raised its position in JD.com by 43.8% in the 2nd quarter. WCG Wealth Advisors LLC now owns 28,675 shares of the information services provider’s stock worth $741,000 after buying an additional 8,732 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JD. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Monday. Susquehanna reiterated a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Benchmark lowered their price target on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Finally, Sanford C. Bernstein lowered their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.93.

JD.com Stock Up 7.3 %

Shares of JD stock opened at $42.93 on Wednesday. The company has a market capitalization of $67.71 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 0.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The company’s fifty day moving average price is $27.99 and its 200-day moving average price is $28.42. JD.com, Inc. has a one year low of $20.82 and a one year high of $43.00.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.