BlueCrest Capital Management Ltd Invests $950,000 in JD.com, Inc. $JD

BlueCrest Capital Management Ltd bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,095 shares of the information services provider’s stock, valued at approximately $950,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of JD.com during the 2nd quarter valued at about $37,000. Allworth Financial LP lifted its position in JD.com by 158.4% in the second 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. Steward Partners Investment Advisory LLC increased its position in shares of JD.com by 54.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,786 shares of the information services provider’s stock valued at $58,000 after acquiring an additional 630 shares during the period. MAI Capital Management lifted its holdings in JD.com by 153.3% in the 2nd quarter. MAI Capital Management now owns 1,905 shares of the information services provider’s stock worth $62,000 after buying an additional 1,153 shares during the period. Finally, Hantz Financial Services Inc. increased its position in JD.com by 508.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,167 shares of the information services provider’s stock valued at $136,000 after purchasing an additional 3,482 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 0.3%

NASDAQ:JD opened at $29.44 on Friday. JD.com, Inc. has a twelve month low of $28.21 and a twelve month high of $46.44. The company has a market cap of $42.17 billion, a PE ratio of 10.01, a P/E/G ratio of 6.65 and a beta of 0.40. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $31.52 and its two-hundred day moving average is $32.30.

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. The company had revenue of $41.98 billion for the quarter, compared to the consensus estimate of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. JD.com’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.68 EPS. Analysts anticipate that JD.com, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

JD has been the topic of several research reports. Nomura dropped their price target on JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a research report on Monday. Arete Research set a $32.00 price target on shares of JD.com in a research note on Tuesday. Bank of America decreased their price target on JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.14.

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.