KBC Group NV Purchases 202,488 Shares of JD.com, Inc. $JD

KBC Group NV lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 78.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 459,316 shares of the information services provider’s stock after acquiring an additional 202,488 shares during the quarter. KBC Group NV’s holdings in JD.com were worth $13,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in JD.com by 139.0% during the first quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock worth $128,181,000 after acquiring an additional 2,521,045 shares during the period. 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 purchasing an additional 2,125,212 shares during the period. Syquant Capital Sas purchased a new stake in shares of JD.com during the 4th quarter valued at $35,323,000. Northwestern Mutual Wealth Management Co. increased its position in shares of JD.com by 1,172.2% during 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 purchasing an additional 1,137,592 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of JD.com by 197.2% during the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock worth $39,744,000 after purchasing an additional 918,880 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

NASDAQ JD opened at $30.43 on Wednesday. The company has a market cap of $37.98 billion, a PE ratio of 23.77 and a beta of 0.40. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $36.86. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $28.77 and its two-hundred day simple moving average is $28.77.

JD.com (NASDAQ:JD) last posted its 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 during the quarter. Research analysts predict that JD.com, Inc. will post 2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

JD has been the topic of a number of research analyst reports. Zacks Research raised shares of JD.com from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Arete Research set a $37.00 price objective on shares of JD.com in a research report on Friday, April 17th. Benchmark boosted their target price on shares of JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Barclays reduced their target price on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Nomura raised their price target on shares of JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.