Alden Global Capital LLC Purchases Shares of 113,219 JD.com, Inc. $JD

Alden Global Capital LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 113,219 shares of the information services provider’s stock, valued at approximately $3,249,000. JD.com makes up about 1.5% of Alden Global Capital LLC’s investment portfolio, making the stock its 16th biggest position.

Several other large investors have also added to or reduced their stakes in JD. Binnacle Investments Inc lifted its holdings in shares of JD.com by 365.8% in the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after buying an additional 589 shares in the last quarter. Root Financial Partners LLC increased its position in JD.com by 1,020.0% during the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after acquiring an additional 1,020 shares during the last quarter. Assetmark Inc. increased its position in JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 399 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 815 shares during the last quarter. Finally, EFG International AG bought a new position in shares of JD.com in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on JD shares. Benchmark increased their target price on shares of JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Nomura increased their price objective on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. 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. Citigroup increased their price objective on shares of JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, UBS Group reaffirmed a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.50.

JD.com Stock Performance

JD opened at $27.91 on Thursday. JD.com, Inc. has a 12-month low of $24.51 and a 12-month high of $36.86. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $34.84 billion, a PE ratio of 21.80 and a beta of 0.39. The firm has a 50 day moving average of $30.08 and a two-hundred day moving average of $29.09.

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

JD.com Company Profile

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.