Foundations Investment Advisors LLC Purchases Shares of 8,909 JD.com, Inc. $JD

Foundations Investment Advisors LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,909 shares of the information services provider’s stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JD. N.E.W. Advisory Services LLC bought a new position in JD.com during the first quarter worth about $32,000. Ameritas Advisory Services LLC bought a new position in shares of JD.com during the 2nd quarter worth approximately $37,000. Allworth Financial LP boosted its stake in JD.com by 158.4% in the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after buying an additional 830 shares in the last quarter. Smithfield Trust Co grew its position in JD.com by 3,451.8% in the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 1,933 shares during the period. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of JD.com during the first quarter valued at $108,000. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD.com stock opened at $28.39 on Friday. The stock’s fifty day simple moving average is $33.19 and its 200 day simple moving average is $32.82. The company has a current ratio of 1.20, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $40.67 billion, a PE ratio of 9.66, a PEG ratio of 6.50 and a beta of 0.41. JD.com, Inc. has a 12 month low of $28.34 and a 12 month high of $46.44.

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

Analyst Upgrades and Downgrades

JD has been the subject of a number of recent analyst reports. Mizuho set a $41.00 target price on shares of JD.com in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JD.com in a report on Wednesday. Nomura reduced their target price on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Monday. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 price target on shares of JD.com in a research report on Friday, November 14th. Finally, Bank of America cut their price objective on JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.43.

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.