Cornerstone Wealth Management LLC Buys 30,521 Shares of JD.Com Inc (JD)

Cornerstone Wealth Management LLC grew its stake in shares of JD.Com Inc (NASDAQ:JD) by 173.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,132 shares of the information services provider’s stock after buying an additional 30,521 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in JD.Com were worth $1,237,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in JD. FNY Investment Advisers LLC bought a new stake in shares of JD.Com in the second quarter worth about $323,000. Scopia Capital Management LP lifted its holdings in JD.Com by 7.6% in the second quarter. Scopia Capital Management LP now owns 5,049,272 shares of the information services provider’s stock worth $196,669,000 after buying an additional 358,042 shares during the period. Torch Wealth Management LLC purchased a new stake in JD.Com in the second quarter worth about $277,000. East Coast Asset Management LLC. lifted its holdings in JD.Com by 32.7% in the second quarter. East Coast Asset Management LLC. now owns 440,105 shares of the information services provider’s stock worth $17,142,000 after buying an additional 108,459 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in JD.Com by 95.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 29,869 shares of the information services provider’s stock worth $1,163,000 after buying an additional 14,591 shares during the period. 50.96% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on JD shares. UBS Group lowered their price objective on shares of JD.Com from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 17th. Nomura lowered their price objective on shares of JD.Com from $44.00 to $41.00 and set a “buy” rating for the company in a report on Friday, August 17th. Benchmark lowered their price objective on shares of JD.Com from $48.00 to $43.00 and set a “buy” rating for the company in a report on Friday, August 17th. Stifel Nicolaus lowered their price objective on shares of JD.Com from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, August 17th. Finally, KeyCorp lowered their price objective on shares of JD.Com from $51.00 to $43.00 and set a “buy” rating for the company in a report on Friday, August 17th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.89.



JD stock opened at $23.52 on Thursday. JD.Com Inc has a 52-week low of $21.58 and a 52-week high of $50.68. The company has a market cap of $27.19 billion, a PE ratio of 2,352.00 and a beta of 1.41. The company has a quick ratio of 0.66, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

JD.Com (NASDAQ:JD) last released its earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.96%. The firm had revenue of $122.30 billion during the quarter, compared to analyst estimates of $122.78 billion. During the same period last year, the business earned $0.67 earnings per share. The business’s revenue was up 31.2% on a year-over-year basis. Sell-side analysts predict that JD.Com Inc will post 0.29 EPS for the current year.

About JD.Com

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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Institutional Ownership by Quarter for JD.Com (NASDAQ:JD)

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