TrueMark Investments LLC Makes New $2.15 Million Investment in JD.com, Inc. $JD

TrueMark Investments LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 61,431 shares of the information services provider’s stock, valued at approximately $2,149,000.

Several other hedge funds have also made changes to their positions in JD. Marshall Wace LLP boosted its stake in JD.com by 48.9% in the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after purchasing an additional 1,753,236 shares during the period. Evergreen Capital Management LLC purchased a new stake in shares of JD.com in the third quarter valued at $51,741,000. Crake Asset Management LLP acquired a new stake in shares of JD.com in the second quarter worth $41,975,000. Assenagon Asset Management S.A. purchased a new position in shares of JD.com during the third quarter valued at $36,749,000. Finally, Maple Rock Capital Partners Inc. raised its position in JD.com by 101.3% during 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 during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

JD stock opened at $29.84 on Friday. The firm has a 50 day moving average of $29.34 and a two-hundred day moving average of $31.57. JD.com, Inc. has a 12 month low of $28.21 and a 12 month high of $46.44. The company has a market capitalization of $42.75 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 6.27 and a beta of 0.40. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 price objective on shares of JD.com in a research report on Friday, November 14th. Mizuho set a $41.00 price target on shares of JD.com in a report on Wednesday, October 22nd. Zacks Research lowered shares of JD.com from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Nomura cut 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 report on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.86.

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.