Kestra Advisory Services LLC Decreases Stock Holdings in JD.com, Inc. $JD

Kestra Advisory Services LLC reduced its position in JD.com, Inc. (NASDAQ:JD) by 89.0% during the first quarter, Holdings Channel reports. The institutional investor owned 9,924 shares of the information services provider’s stock after selling 80,665 shares during the quarter. Kestra Advisory Services LLC’s holdings in JD.com were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JD. Binnacle Investments Inc lifted its position in JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 589 shares during the last quarter. Root Financial Partners LLC grew its holdings in JD.com by 1,020.0% in the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after purchasing an additional 1,020 shares during the last quarter. Wexford Capital LP purchased a new position in JD.com in the third quarter worth $43,000. Caitong International Asset Management Co. Ltd increased its position in shares of JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after purchasing an additional 815 shares in the last quarter. Finally, EFG International AG acquired a new position in shares of JD.com during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 0.3%

NASDAQ:JD opened at $32.31 on Friday. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $36.86. The firm has a fifty day simple moving average of $28.59 and a 200-day simple moving average of $28.86. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $40.33 billion, a P/E ratio of 25.24 and a beta of 0.40.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The firm had revenue of $45.79 billion for the quarter. On average, equities research analysts anticipate that JD.com, Inc. will post 2.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JD shares. Citigroup raised their price objective on JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Arete Research set a $37.00 target price on JD.com in a research report on Friday, April 17th. Susquehanna increased their price target on JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Barclays lowered their price target on JD.com from $43.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Finally, Morgan Stanley boosted their price target on JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average target price of $36.42.

JD.com 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.