Spire Wealth Management Purchases 971 Shares of JD.com, Inc. (NASDAQ:JD)

Spire Wealth Management increased its stake in JD.com, Inc. (NASDAQ:JDFree Report) by 81.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,166 shares of the information services provider’s stock after acquiring an additional 971 shares during the period. Spire Wealth Management’s holdings in JD.com were worth $63,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in JD.com by 173.6% in the second quarter. Russell Investments Group Ltd. now owns 833,175 shares of the information services provider’s stock worth $28,433,000 after purchasing an additional 528,663 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its stake in JD.com by 95.6% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,345,000 shares of the information services provider’s stock worth $45,905,000 after purchasing an additional 657,500 shares during the last quarter. Platinum Investment Management Ltd. lifted its stake in JD.com by 12.8% in the third quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock worth $15,944,000 after purchasing an additional 62,129 shares during the last quarter. Maxi Investments CY Ltd lifted its stake in JD.com by 111.7% in the second quarter. Maxi Investments CY Ltd now owns 379,020 shares of the information services provider’s stock worth $12,936,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Segantii Capital Management Ltd lifted its stake in JD.com by 1,328.6% in the third quarter. Segantii Capital Management Ltd now owns 500,000 shares of the information services provider’s stock worth $14,696,000 after purchasing an additional 465,000 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $22.38 on Monday. The stock has a market capitalization of $35.30 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.19 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.36 and a quick ratio of 1.12. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $54.77. The company’s 50-day moving average is $25.22 and its 200 day moving average is $28.77.

JD.com (NASDAQ:JDGet Free Report) last announced its quarterly earnings data on Wednesday, November 15th. The information services provider reported $6.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.83. JD.com had a net margin of 2.20% and a return on equity of 10.43%. The business had revenue of $247.70 billion for the quarter, compared to analysts’ expectations of $246.99 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts expect that JD.com, Inc. will post 2.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on JD shares. Sanford C. Bernstein downgraded shares of JD.com from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $55.00 to $31.00 in a research note on Monday, October 16th. Susquehanna lowered their price objective on shares of JD.com from $38.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, November 20th. StockNews.com downgraded shares of JD.com from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Citigroup lowered their price objective on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, UBS Group raised shares of JD.com from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $40.00 to $39.00 in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Check Out Our Latest Research Report on JD

JD.com Company Profile

(Free Report)

JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.

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

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