Tidal Investments LLC Acquires 199,724 Shares of JD.com, Inc. $JD

Tidal Investments LLC boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 109.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 382,838 shares of the information services provider’s stock after buying an additional 199,724 shares during the quarter. Tidal Investments LLC’s holdings in JD.com were worth $9,755,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Binnacle Investments Inc boosted its position in JD.com by 365.8% during the 3rd 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 in the last quarter. Root Financial Partners LLC increased 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 valued at $32,000 after acquiring an additional 1,020 shares during the period. Caitong International Asset Management Co. Ltd raised its position 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 worth $36,000 after acquiring an additional 815 shares in the last quarter. EFG International AG bought a new position in shares of JD.com in the 4th quarter worth $36,000. Finally, Inspire Investing LLC purchased a new stake in shares of JD.com during the 4th quarter worth $38,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 0.1%

JD.com stock opened at $27.06 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82. The stock has a market capitalization of $33.78 billion, a price-to-earnings ratio of 18.79 and a beta of 0.35. JD.com, Inc. has a 1-year low of $24.51 and a 1-year high of $36.86. The business has a fifty day moving average price of $29.63 and a 200-day moving average price of $29.10.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The company had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same period in the prior year, the company posted $4.97 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts forecast that JD.com, Inc. will post 2.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of JD.com in a research report on Friday, August 14th. 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. Zacks Research lowered shares of JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Finally, Susquehanna cut their price objective on shares of JD.com from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.25.

About JD.com

JD.com, Inc (NASDAQ: JD) is a China-based technology and e-commerce company that operates an online retail platform serving consumers and businesses. The company sells a broad range of products, including electronics and appliances, general merchandise, groceries, apparel, household goods, and healthcare products. It offers both products sourced directly from suppliers and merchandise sold by third-party merchants through its marketplace.

Founded by Richard Qiangdong Liu in 1998, JD.com initially focused on selling consumer electronics and launched its online retail business in 2004.