Flax Pond Capital LLC Invests $2.41 Million in JD.com, Inc. $JD

Flax Pond Capital LLC purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 83,942 shares of the information services provider’s stock, valued at approximately $2,409,000. JD.com comprises 1.8% of Flax Pond Capital LLC’s portfolio, making the stock its 26th biggest position.

Other large investors also recently bought and sold shares of the company. Aurora Investment Managers LLC. grew its position in shares of JD.com by 24.6% in the third quarter. Aurora Investment Managers LLC. now owns 269,504 shares of the information services provider’s stock valued at $9,427,000 after purchasing an additional 53,223 shares in the last quarter. Schroder Investment Management Group lifted its position in JD.com by 7.9% during the third quarter. Schroder Investment Management Group now owns 656,282 shares of the information services provider’s stock worth $22,957,000 after buying an additional 48,039 shares in the last quarter. Cantor Fitzgerald L. P. lifted its position in JD.com by 423.1% during the third quarter. Cantor Fitzgerald L. P. now owns 264,426 shares of the information services provider’s stock worth $9,250,000 after buying an additional 213,878 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in JD.com by 381.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock worth $2,385,000 after buying an additional 65,829 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in JD.com during the fourth quarter worth $1,604,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on JD. Sanford C. Bernstein raised their target price on JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. UBS Group reissued a “buy” rating on shares of JD.com in a report on Friday, March 6th. Arete Research set a $37.00 price objective on shares of JD.com in a research report on Friday, April 17th. Finally, Bank of America reaffirmed a “buy” rating and set a $33.00 target price on shares of JD.com in a research note on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.50.

JD.com Price Performance

JD stock opened at $27.57 on Friday. JD.com, Inc. has a 52-week low of $24.51 and a 52-week high of $36.86. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $34.41 billion, a price-to-earnings ratio of 21.54 and a beta of 0.39. The business has a fifty day moving average of $30.03 and a two-hundred day moving average of $29.06.

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