Fortis Group Advisors LLC Takes Position in JD.com, Inc. $JD

Fortis Group Advisors LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 74,706 shares of the information services provider’s stock, valued at approximately $2,468,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its holdings in JD.com by 48.9% during the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after acquiring an additional 1,753,236 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of JD.com during the 3rd quarter worth $51,741,000. Crake Asset Management LLP acquired a new position in shares of JD.com during the second quarter worth $41,975,000. Assenagon Asset Management S.A. purchased a new position in JD.com in the third quarter valued at $36,749,000. Finally, Maple Rock Capital Partners Inc. raised its stake in JD.com by 101.3% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,849,324 shares of the information services provider’s stock valued at $60,362,000 after buying an additional 930,814 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD opened at $27.33 on Wednesday. The company’s 50 day simple moving average is $28.90 and its 200-day simple moving average is $31.06. The firm has a market cap of $39.15 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 5.81 and a beta of 0.41. JD.com, Inc. has a 12-month low of $26.95 and a 12-month high of $46.44. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $38.00 price objective on shares of JD.com in a report on Friday, November 14th. Zacks Research lowered shares of JD.com from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. HSBC restated a “buy” rating and set a $37.00 price objective on shares of JD.com in a research report on Monday, December 29th. Mizuho set a $41.00 target price on shares of JD.com in a research report on Wednesday, October 22nd. Finally, Arete Research set a $32.00 price target on shares of JD.com in a research report on Tuesday, December 9th. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.71.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.