Prospect Financial Services LLC Makes New $269,000 Investment in JD.com, Inc. (NASDAQ:JD)

Prospect Financial Services LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,731 shares of the information services provider’s stock, valued at approximately $269,000.

A number of other hedge funds have also modified their holdings of JD. PNC Financial Services Group Inc. lifted its holdings in shares of JD.com by 21.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 58,197 shares of the information services provider’s stock valued at $1,681,000 after buying an additional 10,306 shares during the period. Perpetual Ltd lifted its holdings in JD.com by 2.9% in the first quarter. Perpetual Ltd now owns 563,055 shares of the information services provider’s stock valued at $15,422,000 after acquiring an additional 15,692 shares during the period. Aurora Investment Managers LLC. grew its stake in shares of JD.com by 3.0% during the 1st quarter. Aurora Investment Managers LLC. now owns 201,128 shares of the information services provider’s stock worth $5,509,000 after purchasing an additional 5,766 shares during the period. Ballentine Partners LLC increased its holdings in shares of JD.com by 20.0% in the 1st quarter. Ballentine Partners LLC now owns 11,471 shares of the information services provider’s stock valued at $314,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Wallace Advisory Group LLC lifted its stake in shares of JD.com by 3.2% in the first quarter. Wallace Advisory Group LLC now owns 26,717 shares of the information services provider’s stock valued at $772,000 after purchasing an additional 840 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JD. Barclays lowered their target price on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Loop Capital dropped their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Susquehanna reiterated a “neutral” rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Tuesday. Finally, StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.93.

JD.com Stock Performance

JD.com stock opened at $40.16 on Wednesday. The stock has a fifty day moving average price of $31.64 and a 200 day moving average price of $29.61. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The firm has a market capitalization of $63.34 billion, a P/E ratio of 18.34, a PEG ratio of 0.65 and a beta of 0.42.

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

JD.com Profile

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.