27,178 Shares in JD.com, Inc. $JD Bought by Victory Financial Group LLC

Victory Financial Group LLC bought a new stake in JD.com, Inc. (NASDAQ:JD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,178 shares of the information services provider’s stock, valued at approximately $887,000.

A number of other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its stake in JD.com by 3.8% in the second quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock valued at $290,000 after buying an additional 324 shares during the period. Capital Investment Counsel Inc grew its stake in JD.com by 6.4% during the second quarter. Capital Investment Counsel Inc now owns 6,759 shares of the information services provider’s stock worth $221,000 after buying an additional 409 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in JD.com by 6.4% during the second quarter. Rehmann Capital Advisory Group now owns 7,018 shares of the information services provider’s stock worth $229,000 after buying an additional 421 shares in the last quarter. Guinness Asset Management LTD boosted its holdings in shares of JD.com by 13.5% in the 1st quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider’s stock valued at $151,000 after purchasing an additional 439 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in JD.com by 22.2% in the first quarter. Harbour Investments Inc. now owns 2,720 shares of the information services provider’s stock valued at $112,000 after acquiring an additional 494 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JD. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a report on Monday. Morgan Stanley cut shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 price target for the company. in a report on Monday, November 10th. Susquehanna reiterated a “neutral” rating on shares of JD.com in a report on Monday, November 24th. Citigroup began coverage on shares of JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Mizuho set a $41.00 price objective on shares of JD.com in a research report on Wednesday, October 22nd. Two investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.43.

JD.com Stock Performance

Shares of NASDAQ JD opened at $29.90 on Friday. The company has a market cap of $42.83 billion, a PE ratio of 10.17, a PEG ratio of 6.69 and a beta of 0.40. JD.com, Inc. has a 52-week low of $28.21 and a 52-week high of $46.44. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $32.12 and its 200-day moving average price is $32.44.

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