Exchange Traded Concepts LLC Grows Stake in JD.com, Inc. $JD

Exchange Traded Concepts LLC increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 49.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 173,649 shares of the information services provider’s stock after purchasing an additional 57,832 shares during the quarter. Exchange Traded Concepts LLC’s holdings in JD.com were worth $6,074,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of JD. Ameritas Advisory Services LLC purchased a new position in shares of JD.com in the second quarter valued at $37,000. Union Bancaire Privee UBP SA grew its stake in JD.com by 136.0% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 680 shares during the last quarter. Allworth Financial LP increased its holdings in JD.com by 158.4% during the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 830 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in JD.com by 54.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,786 shares of the information services provider’s stock worth $58,000 after acquiring an additional 630 shares during the last quarter. Finally, MAI Capital Management raised its position in JD.com by 153.3% during the second quarter. MAI Capital Management now owns 1,905 shares of the information services provider’s stock worth $62,000 after acquiring an additional 1,153 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JD has been the subject of a number of recent research reports. Mizuho set a $41.00 price objective on shares of JD.com in a research note on Wednesday, October 22nd. Nomura lowered their target price on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a report on Monday. Benchmark reduced their price objective on JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Finally, Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average price target of $39.14.

JD.com Stock Performance

NASDAQ JD opened at $29.08 on Wednesday. The business’s 50-day moving average price is $30.81 and its 200 day moving average price is $32.11. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a twelve month low of $28.21 and a twelve month high of $46.44. The company has a market capitalization of $41.66 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 6.55 and a beta of 0.40.

JD.com (NASDAQ:JD) last posted 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. The company had revenue of $41.98 billion during 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%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.68 EPS. On average, research analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current 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.