Mizuho Securities Co. Ltd. Takes $297,000 Position in JD.com, Inc. $JD

Mizuho Securities Co. Ltd. bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,100 shares of the information services provider’s stock, valued at approximately $297,000. JD.com comprises 1.1% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 19th largest holding.

Several other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in shares of JD.com by 2.3% in the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after purchasing an additional 13,755 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of JD.com by 42.6% during the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock valued at $3,780,000 after buying an additional 34,585 shares in the last quarter. Royal Bank of Canada raised its position in JD.com by 4.5% during the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock valued at $14,241,000 after buying an additional 15,000 shares during the period. Range Financial Group LLC raised its position in JD.com by 38.0% during the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock valued at $1,532,000 after buying an additional 12,920 shares during the period. Finally, Cerity Partners LLC lifted its stake in JD.com by 33.1% in the 1st quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider’s stock worth $1,092,000 after acquiring an additional 6,611 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of JD opened at $28.88 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.20. The firm has a market cap of $41.37 billion, a PE ratio of 9.82, a PEG ratio of 6.65 and a beta of 0.41. The firm’s 50 day moving average price is $33.31 and its 200 day moving average price is $32.85. JD.com, Inc. has a twelve month low of $28.72 and a twelve month high of $46.44.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. The company had revenue of $41.98 billion during the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.68 earnings per share. As a group, research analysts expect that JD.com, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

JD has been the topic of several research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $38.00 target price on shares of JD.com in a research note on Friday, November 14th. Benchmark decreased their price target on shares of JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of JD.com in a research note on Wednesday, October 8th. Morgan Stanley downgraded shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Monday, November 10th. Finally, Nomura decreased their target price on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and an average price target of $40.43.

JD.com Profile

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.