Alden Global Capital LLC Purchases New Shares in JD.com, Inc. $JD

Alden Global Capital LLC purchased a new stake in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 113,219 shares of the information services provider’s stock, valued at approximately $3,249,000. JD.com accounts for approximately 1.5% of Alden Global Capital LLC’s portfolio, making the stock its 16th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in JD. SIH Partners LLLP grew its stake in JD.com by 74.1% in the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after acquiring an additional 2,125,212 shares during the period. Syquant Capital Sas acquired a new stake in JD.com in the 4th quarter valued at $35,323,000. Northwestern Mutual Wealth Management Co. grew its stake in JD.com by 1,172.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock valued at $35,434,000 after acquiring an additional 1,137,592 shares during the period. HighTower Advisors LLC grew its stake in JD.com by 197.2% in the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock valued at $39,744,000 after acquiring an additional 918,880 shares during the period. Finally, L1 Capital Pty Ltd acquired a new stake in JD.com during the 4th quarter worth $20,959,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Trading Down 1.7%

Shares of JD stock opened at $27.91 on Thursday. The company’s 50-day moving average price is $30.08 and its 200-day moving average price is $29.09. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The stock has a market cap of $34.84 billion, a price-to-earnings ratio of 21.80 and a beta of 0.39. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $36.86.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The firm had revenue of $45.79 billion for the quarter. As a group, equities analysts predict that JD.com, Inc. will post 2.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Benchmark upped their target price on shares of JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Susquehanna upped their target price on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Sanford C. Bernstein upped their target price on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.50.

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.