Assetmark Inc. Takes $400,000 Position in JD.com, Inc. (NASDAQ:JD)

Assetmark Inc. purchased a new position in JD.com, Inc. (NASDAQ:JD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,992 shares of the information services provider’s stock, valued at approximately $400,000.

A number of other large investors also recently bought and sold shares of the business. Atlas Capital Advisors LLC bought a new stake in JD.com in the second quarter worth $28,000. Allspring Global Investments Holdings LLC grew its position in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the last quarter. Blue Trust Inc. increased its stake in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 2,360 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in JD.com in the second quarter worth about $172,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of JD.com in the second quarter worth approximately $197,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JD has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday. Barclays boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Citigroup decreased their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday. Finally, Susquehanna restated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Stock Up 4.9 %

Shares of JD opened at $35.00 on Friday. The business’s 50 day moving average is $37.35 and its 200 day moving average is $31.52. 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 12-month low of $20.82 and a 12-month high of $47.82. The company has a market capitalization of $55.20 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. Research analysts expect that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

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.