Osaic Holdings Inc. Boosts Stock Holdings in JD.com, Inc. $JD

Osaic Holdings Inc. grew its stake in shares of JD.com, Inc. (NASDAQ:JD) by 148.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 261,269 shares of the information services provider’s stock after buying an additional 156,069 shares during the period. Osaic Holdings Inc.’s holdings in JD.com were worth $9,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JD. Nordea Investment Management AB lifted its stake in shares of JD.com by 2.3% during the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock worth $20,291,000 after purchasing an additional 13,755 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of JD.com by 42.6% during 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. Perpetual Ltd lifted its position in JD.com by 2.4% during the 2nd 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 in the last quarter. Royal Bank of Canada boosted its holdings in JD.com by 4.5% in the 1st 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 during the period. Finally, Range Financial Group LLC grew its position in JD.com by 38.0% in the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock valued at $1,532,000 after acquiring an additional 12,920 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JD has been the subject of several analyst reports. Mizuho set a $41.00 target price on shares of JD.com in a research note on Wednesday, October 22nd. Bank of America decreased their price objective on shares of JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Morgan Stanley lowered JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research report on Monday, November 10th. Wall Street Zen downgraded JD.com from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Arete Research set a $32.00 price objective on JD.com in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, JD.com has a consensus rating of “Moderate Buy” and an average price target of $39.14.

JD.com Stock Up 0.1%

NASDAQ:JD opened at $28.82 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.20. The company has a market capitalization of $41.29 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 6.48 and a beta of 0.40. JD.com, Inc. has a one year low of $28.21 and a one year high of $46.44. The stock has a 50-day simple moving average of $30.96 and a 200 day simple moving average of $32.17.

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

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.