FNY Investment Advisers LLC Takes Position in JD.com, Inc. $JD

FNY Investment Advisers LLC bought a new stake in JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, Holdings Channel reports. The firm bought 55,400 shares of the information services provider’s stock, valued at approximately $1,411,000.

A number of other institutional investors have also added to or reduced their stakes in JD. SG Americas Securities LLC increased its holdings in JD.com by 139.0% during the first quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock worth $128,181,000 after buying an additional 2,521,045 shares during the last quarter. SIH Partners LLLP lifted its stake in JD.com by 74.1% in the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after acquiring an additional 2,125,212 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of JD.com by 1,172.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock valued at $35,434,000 after acquiring an additional 1,137,592 shares during the period. HighTower Advisors LLC grew its position in shares of JD.com by 197.2% in the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock valued at $39,744,000 after acquiring an additional 918,880 shares during the period. Finally, L1 Capital Pty Ltd acquired a new position in shares of JD.com during the 4th quarter worth about $20,959,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

NASDAQ:JD opened at $32.81 on Friday. The company has a market cap of $40.96 billion, a P/E ratio of 25.63 and a beta of 0.38. The firm’s fifty day moving average price is $28.87 and its two-hundred day moving average price is $28.97. JD.com, Inc. has a one year low of $24.51 and a one year high of $36.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $45.79 billion during the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. Equities analysts expect that JD.com, Inc. will post 2.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JD shares. Zacks Research raised shares of JD.com from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Arete Research set a $37.00 price target on JD.com in a report on Friday, April 17th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Susquehanna upped their price objective on JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Daiwa Securities Group reaffirmed a “hold” rating and issued a $27.00 price objective on shares of JD.com in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

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.