Prospect Financial Services LLC Takes $269,000 Position in JD.com, Inc. (NASDAQ:JD)

Prospect Financial Services LLC purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,731 shares of the information services provider’s stock, valued at approximately $269,000.

Several other hedge funds also recently added to or reduced their stakes in JD. First Pacific Financial raised its holdings in shares of JD.com by 11.3% in the third quarter. First Pacific Financial now owns 18,834 shares of the information services provider’s stock valued at $753,000 after acquiring an additional 1,907 shares in the last quarter. Exchange Traded Concepts LLC increased its position in JD.com by 7.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 87,030 shares of the information services provider’s stock valued at $3,481,000 after purchasing an additional 5,709 shares during the period. Ritholtz Wealth Management raised its holdings in shares of JD.com by 32.6% in the 3rd quarter. Ritholtz Wealth Management now owns 65,457 shares of the information services provider’s stock valued at $2,618,000 after purchasing an additional 16,094 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of JD.com by 5.7% during the third quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider’s stock valued at $709,000 after purchasing an additional 952 shares in the last quarter. Finally, Smith Anglin Financial LLC purchased a new position in JD.com during the third quarter valued at approximately $273,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Down 9.0 %

Shares of JD opened at $40.16 on Wednesday. The stock has a 50 day moving average price of $31.64 and a 200 day moving average price of $29.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The stock has a market capitalization of $63.34 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.65 and a beta of 0.42. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that JD.com, Inc. will post 3.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JD has been the subject of a number of analyst reports. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 8th. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Barclays lowered their price target on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, Sanford C. Bernstein reduced their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.93.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.