JD.com, Inc. $JD Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its position in shares of JD.com, Inc. (NASDAQ:JD) by 43.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 66,678 shares of the information services provider’s stock after selling 50,969 shares during the quarter. Cetera Investment Advisers’ holdings in JD.com were worth $2,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in shares of JD.com in the second quarter valued at approximately $37,000. Allworth Financial LP raised its position 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 purchasing an additional 830 shares during the last quarter. Smithfield Trust Co boosted its stake in JD.com by 3,451.8% during the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider’s stock worth $82,000 after purchasing an additional 1,933 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in JD.com during the 1st quarter worth $108,000. Finally, Harbour Investments Inc. increased its stake 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 purchasing an additional 494 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JD shares. Benchmark decreased their target price on shares of JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Nomura decreased their price objective on JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $38.00 target price on shares of JD.com in a research note on Friday, November 14th. Mizuho set a $41.00 target price on JD.com in a report on Wednesday, October 22nd. Finally, Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.43.

JD.com Stock Performance

NASDAQ JD opened at $29.85 on Friday. The stock has a market capitalization of $42.76 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 6.71 and a beta of 0.41. The business’s 50 day moving average is $32.55 and its two-hundred day moving average is $32.58. JD.com, Inc. has a 12-month low of $28.21 and a 12-month high of $46.44. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share for the quarter, beating 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 firm had revenue of $41.98 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the previous year, the business earned $8.68 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Research analysts expect that JD.com, Inc. will post 3.91 EPS 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.