29,346 Shares in JD.com, Inc. (NASDAQ:JD) Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV bought a new position in JD.com, Inc. (NASDAQ:JD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,346 shares of the information services provider’s stock, valued at approximately $1,174,000.

Other hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its holdings in JD.com by 9.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after buying an additional 129,763 shares during the period. Polunin Capital Partners Ltd grew its position in shares of JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after purchasing an additional 447,264 shares in the last quarter. Seven Grand Managers LLC bought a new stake in shares of JD.com during the 3rd quarter valued at $16,800,000. M&G Plc purchased a new stake in JD.com during the 1st quarter worth about $22,920,000. Finally, SG Americas Securities LLC boosted its stake in JD.com by 55.8% in the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after purchasing an additional 33,771 shares during the period. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JD has been the topic of several analyst reports. Susquehanna reiterated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Tuesday, October 15th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein cut their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.71.

JD.com Stock Performance

Shares of JD stock opened at $36.10 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $36.67 and its 200-day moving average price is $31.40. The stock has a market cap of $56.93 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.43 and a beta of 0.41. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, equities analysts expect that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider 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.