Y Intercept Hong Kong Ltd Buys Shares of 254,888 JD.com, Inc. $JD

Y Intercept Hong Kong Ltd purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 254,888 shares of the information services provider’s stock, valued at approximately $7,537,000.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC acquired a new position in shares of JD.com in the fourth quarter valued at approximately $270,000. Empowered Funds LLC lifted its holdings in JD.com by 35.5% during the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock worth $800,000 after buying an additional 5,099 shares in the last quarter. Focus Partners Wealth lifted its holdings in JD.com by 36.5% during the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after buying an additional 7,701 shares in the last quarter. First Trust Advisors LP boosted its position in JD.com by 26.2% in the 2nd quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock valued at $4,461,000 after buying an additional 28,339 shares during the period. Finally, NewEdge Advisors LLC boosted its position in JD.com by 22.4% in the 2nd quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock valued at $2,147,000 after buying an additional 12,053 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JD. UBS Group reaffirmed a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Daiwa Securities Group reiterated a “hold” rating and issued a $27.00 target price on shares of JD.com in a report on Tuesday, June 23rd. Susquehanna boosted their target price on JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Arete Research set a $37.00 price target on JD.com in a report on Friday, April 17th. Finally, Wall Street Zen raised JD.com from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.62.

JD.com Price Performance

Shares of JD opened at $26.62 on Friday. The firm has a market capitalization of $33.23 billion, a price-to-earnings ratio of 20.80 and a beta of 0.40. The firm’s fifty day simple moving average is $29.13 and its 200-day simple moving average is $28.80. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $36.86. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The firm had revenue of $45.79 billion for the quarter. Equities analysts forecast that JD.com, Inc. will post 2.77 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.