Baader Bank Aktiengesellschaft Acquires New Holdings in JD.com, Inc. $JD

Baader Bank Aktiengesellschaft bought a new position in JD.com, Inc. (NASDAQ:JD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 26,870 shares of the information services provider’s stock, valued at approximately $795,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Binnacle Investments Inc grew its position 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 acquiring an additional 589 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of JD.com by 1,020.0% in the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after acquiring an additional 1,020 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of JD.com by 191.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 815 shares in the last quarter. EFG International AG bought a new position in shares of JD.com during the 4th quarter valued at $36,000. Finally, Inspire Investing LLC bought a new position in shares of JD.com during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 0.6%

Shares of NASDAQ:JD opened at $30.43 on Wednesday. JD.com, Inc. has a 1 year low of $24.51 and a 1 year high of $36.86. The company has a market cap of $37.98 billion, a PE ratio of 23.77 and a beta of 0.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The stock’s 50-day moving average is $28.77 and its 200 day moving average is $28.77.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The business had revenue of $45.79 billion during the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. Sell-side analysts anticipate that JD.com, Inc. will post 2.78 EPS for the current year.

Analyst Upgrades and Downgrades

JD has been the subject of several recent research reports. Weiss Ratings raised shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Sanford C. Bernstein lifted their price objective on JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Barclays lowered their target price on JD.com from $43.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Arete Research set a $37.00 price target on JD.com in a research report on Friday, April 17th. Finally, Susquehanna increased their price objective on JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.42.

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.