Legacy Wealth Asset Management LLC Takes $1.62 Million Position in JD.com, Inc. (NASDAQ:JD)

Legacy Wealth Asset Management LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 18,461 shares of the information services provider’s stock, valued at approximately $1,623,000. JD.com comprises about 0.8% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 15th largest position.

Other large investors also recently bought and sold shares of the company. Albion Financial Group UT acquired a new position in JD.com in the 4th quarter valued at about $33,000. First Horizon Advisors Inc. raised its holdings in shares of JD.com by 103.6% in the 4th quarter. First Horizon Advisors Inc. now owns 454 shares of the information services provider’s stock valued at $40,000 after buying an additional 231 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in shares of JD.com during the fourth quarter worth about $42,000. Huntington National Bank lifted its holdings in JD.com by 33.0% during the 4th quarter. Huntington National Bank now owns 504 shares of the information services provider’s stock worth $44,000 after buying an additional 125 shares in the last quarter. Finally, Merrion Investment Management Co LLC purchased a new stake in shares of JD.com during the fourth quarter worth approximately $44,000. 40.27% of the stock is owned by hedge funds and other institutional investors.

JD stock traded down $1.62 during trading hours on Wednesday, hitting $81.89. 102,077 shares of the stock traded hands, compared to its average volume of 11,476,791. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $89.90 and a 200 day simple moving average of $86.82. JD.com, Inc. has a one year low of $40.58 and a one year high of $108.29. The company has a market cap of $109.69 billion, a P/E ratio of 31.87, a P/E/G ratio of 0.94 and a beta of 0.92.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, March 11th. The information services provider reported $1.49 earnings per share for the quarter, topping the consensus estimate of $0.19 by $1.30. The business had revenue of $224.33 billion during the quarter, compared to analyst estimates of $219.21 billion. JD.com had a return on equity of 10.00% and a net margin of 4.14%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS. Analysts forecast that JD.com, Inc. will post 1.27 earnings per share for the current year.

Several equities research analysts have recently weighed in on JD shares. Loop Capital raised their target price on JD.com from $99.00 to $105.00 in a research report on Wednesday, December 9th. Deutsche Bank Aktiengesellschaft started coverage on JD.com in a research note on Monday, January 25th. They set a “buy” rating and a $114.00 price target for the company. Mizuho upped their price objective on shares of JD.com from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, January 8th. HSBC lifted their target price on shares of JD.com from $103.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, March 18th. Finally, Sanford C. Bernstein began coverage on JD.com in a report on Monday, January 25th. They issued an “outperform” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $98.30.

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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

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