Ritholtz Wealth Management Acquires 16,094 Shares of JD.com, Inc. (NASDAQ:JD)

Ritholtz Wealth Management boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 32.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,457 shares of the information services provider’s stock after acquiring an additional 16,094 shares during the period. Ritholtz Wealth Management’s holdings in JD.com were worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FIL Ltd raised its stake in shares of JD.com by 124.3% in the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares during the period. Lazard Asset Management LLC raised its stake in shares of JD.com by 30.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after purchasing an additional 1,368,356 shares during the period. Discerene Group LP raised its stake in shares of JD.com by 66.0% in the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after purchasing an additional 2,207,619 shares during the period. Federated Hermes Inc. raised its stake in shares of JD.com by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of JD.com by 1.2% in the 1st quarter. Russell Investments Group Ltd. now owns 2,034,393 shares of the information services provider’s stock valued at $55,642,000 after purchasing an additional 24,403 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Up 1.4 %

Shares of JD opened at $43.83 on Friday. The firm has a 50 day simple moving average of $30.96 and a two-hundred day simple moving average of $29.38. The company has a market cap of $69.12 billion, a P/E ratio of 20.01, a P/E/G ratio of 0.65 and a beta of 0.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. Research analysts forecast that JD.com, Inc. will post 3.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JD has been the topic of a number of recent research reports. Sanford C. Bernstein lowered their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Susquehanna reissued a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Finally, Barclays lowered their price target on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.93.

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.