Y Intercept Hong Kong Ltd Buys New Position in JD.com, Inc. $JD

Y Intercept Hong Kong Ltd purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 631,677 shares of the information services provider’s stock, valued at approximately $22,096,000. JD.com comprises approximately 0.5% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 12th largest holding.

Several other large investors also recently bought and sold shares of the company. Drive Wealth Management LLC purchased a new stake in shares of JD.com during the third quarter valued at approximately $580,000. TrueMark Investments LLC purchased a new stake in JD.com during the 3rd quarter worth $2,149,000. Ridgewood Investments LLC lifted its holdings in JD.com by 275.2% in the 3rd quarter. Ridgewood Investments LLC now owns 18,759 shares of the information services provider’s stock worth $656,000 after buying an additional 13,759 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in JD.com in the 3rd quarter valued at about $322,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of JD.com by 63.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 15,024 shares of the information services provider’s stock valued at $535,000 after acquiring an additional 5,840 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

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

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Zacks Research cut JD.com from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c-)” rating on shares of JD.com in a report on Monday, December 29th. HSBC reiterated a “buy” rating and set a $37.00 target price on shares of JD.com in a research note on Monday, December 29th. Arete Research set a $32.00 price target on shares of JD.com in a research report on Tuesday, December 9th. Finally, Wall Street Zen lowered shares of JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.86.

About JD.com

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.