JD.Com Inc (NASDAQ:JD) Stock Position Lowered by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lessened its position in JD.Com Inc (NASDAQ:JD) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,027 shares of the information services provider’s stock after selling 800 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in JD.Com were worth $283,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in JD. NEXT Financial Group Inc purchased a new stake in JD.Com in the 2nd quarter worth approximately $25,000. Lindbrook Capital LLC lifted its position in JD.Com by 85.5% in the 3rd quarter. Lindbrook Capital LLC now owns 872 shares of the information services provider’s stock worth $25,000 after buying an additional 402 shares in the last quarter. CWM LLC purchased a new stake in JD.Com in the 2nd quarter worth approximately $26,000. WealthStone Inc. purchased a new stake in JD.Com in the 2nd quarter worth approximately $28,000. Finally, Quest Capital Management Inc. ADV purchased a new stake in JD.Com in the 3rd quarter worth approximately $28,000. Institutional investors own 40.42% of the company’s stock.

Shares of JD opened at $33.57 on Friday. The company’s fifty day moving average is $30.55 and its 200-day moving average is $29.66. JD.Com Inc has a 12 month low of $19.21 and a 12 month high of $34.09. The firm has a market cap of $48.45 billion, a price-to-earnings ratio of -1,119.00 and a beta of 1.35. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.19.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The company had revenue of $150.28 billion for the quarter, compared to analyst estimates of $147.44 billion. During the same quarter in the prior year, the business posted $0.33 EPS. JD.Com’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, research analysts predict that JD.Com Inc will post 0.77 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on JD shares. Mizuho increased their target price on shares of JD.Com from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Vertical Group started coverage on shares of JD.Com in a research report on Tuesday, October 22nd. They issued a “buy” rating for the company. Citigroup reiterated a “buy” rating and issued a $43.00 target price (up previously from $41.00) on shares of JD.Com in a research report on Wednesday, August 14th. Peel Hunt reiterated a “buy” rating on shares of JD.Com in a research report on Tuesday. Finally, Jefferies Financial Group initiated coverage on shares of JD.Com in a research report on Monday, August 5th. They issued a “buy” rating and a $36.50 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.70.

JD.Com Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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