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

Cetera Investment Advisers trimmed its stake in JD.com, Inc. (NASDAQ:JD) by 43.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 66,678 shares of the information services provider’s stock after selling 50,969 shares during the period. Cetera Investment Advisers’ holdings in JD.com were worth $2,176,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in JD.com by 2.3% during the 2nd quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after buying an additional 13,755 shares during the period. Exchange Traded Concepts LLC boosted its position in JD.com by 42.6% in the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock valued at $3,780,000 after buying an additional 34,585 shares during the period. Royal Bank of Canada grew its stake in shares of JD.com by 4.5% in the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock worth $14,241,000 after acquiring an additional 15,000 shares in the last quarter. Range Financial Group LLC increased its position in shares of JD.com by 38.0% during the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock worth $1,532,000 after acquiring an additional 12,920 shares during the period. Finally, Perpetual Ltd increased its position in shares of JD.com by 2.4% during the second quarter. Perpetual Ltd now owns 572,843 shares of the information services provider’s stock worth $18,698,000 after acquiring an additional 13,587 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD stock opened at $29.85 on Friday. The business has a 50 day moving average price of $32.55 and a 200 day moving average price of $32.58. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. The stock has a market cap of $42.76 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 6.71 and a beta of 0.41. JD.com, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $46.44.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The company had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same period in the prior year, the firm posted $8.68 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. Equities research analysts anticipate that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Bank of America lowered their target price on JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Nomura decreased their price objective on JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Susquehanna restated a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JD.com in a report on Tuesday. Finally, Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $40.43.

JD.com 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.