Cibc World Market Inc. Acquires 34,272 Shares of JD.com, Inc. $JD

Cibc World Market Inc. grew its holdings in JD.com, Inc. (NASDAQ:JD) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 259,519 shares of the information services provider’s stock after acquiring an additional 34,272 shares during the quarter. Cibc World Market Inc.’s holdings in JD.com were worth $7,448,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JD. Brighton Jones LLC bought a new stake in JD.com during the fourth quarter worth about $270,000. Empowered Funds LLC lifted its position in JD.com by 35.5% during the first quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock worth $800,000 after purchasing an additional 5,099 shares during the period. Focus Partners Wealth lifted its position in JD.com by 36.5% during the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after purchasing an additional 7,701 shares during the period. First Trust Advisors LP lifted its position in JD.com by 26.2% during the second quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock worth $4,461,000 after purchasing an additional 28,339 shares during the period. Finally, NewEdge Advisors LLC lifted its position in JD.com by 22.4% during the second quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock worth $2,147,000 after purchasing an additional 12,053 shares during the period. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

JD has been the subject of several recent analyst reports. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Morgan Stanley upped their price objective on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. Citigroup upped their price objective on shares of JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings raised shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, UBS Group reaffirmed a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and an average target price of $38.50.

JD.com Stock Down 1.1%

JD stock opened at $28.88 on Friday. The stock has a market capitalization of $36.05 billion, a P/E ratio of 22.56 and a beta of 0.39. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. JD.com, Inc. has a 12 month low of $24.51 and a 12 month high of $36.86. The firm has a 50-day moving average price of $30.14 and a 200-day moving average price of $29.13.

JD.com (NASDAQ:JD) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The firm had revenue of $45.79 billion during the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. As a group, equities research analysts anticipate that JD.com, Inc. will post 2.71 EPS for the current fiscal year.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.