Rehmann Capital Advisory Group Acquires 1,493 Shares of JD.Com Inc (NASDAQ:JD)

Rehmann Capital Advisory Group increased its position in JD.Com Inc (NASDAQ:JD) by 233.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,132 shares of the information services provider’s stock after purchasing an additional 1,493 shares during the quarter. Rehmann Capital Advisory Group’s holdings in JD.Com were worth $64,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new position in JD.Com in the 1st quarter valued at approximately $22,173,000. Marshall Wace LLP raised its stake in shares of JD.Com by 80.6% during the first quarter. Marshall Wace LLP now owns 454,984 shares of the information services provider’s stock valued at $13,717,000 after acquiring an additional 203,112 shares during the last quarter. Altfest L J & Co. Inc. bought a new position in shares of JD.Com during the first quarter valued at $305,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of JD.Com by 82.4% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,517,827 shares of the information services provider’s stock valued at $106,062,000 after acquiring an additional 1,589,432 shares during the last quarter. Finally, Formula Growth Ltd. raised its stake in shares of JD.Com by 46.3% during the first quarter. Formula Growth Ltd. now owns 29,819 shares of the information services provider’s stock valued at $899,000 after acquiring an additional 9,440 shares during the last quarter. Institutional investors and hedge funds own 48.54% of the company’s stock.

Shares of NASDAQ JD traded up $0.57 during mid-day trading on Friday, reaching $31.08. 11,764,394 shares of the company’s stock traded hands, compared to its average volume of 10,926,988. The company has a market capitalization of $37.42 billion, a PE ratio of -1,036.00 and a beta of 1.42. The business has a 50-day moving average of $28.38. JD.Com Inc has a 1-year low of $19.21 and a 1-year high of $38.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.83.

JD.Com (NASDAQ:JD) last issued its quarterly earnings data on Friday, May 10th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. The firm had revenue of $121.08 billion during the quarter, compared to analysts’ expectations of $120.01 billion. During the same period last year, the company earned $0.71 earnings per share. The business’s revenue was up 20.9% on a year-over-year basis. As a group, sell-side analysts anticipate that JD.Com Inc will post 0.51 EPS for the current year.

Several equities analysts have recently issued reports on JD shares. CICC Research raised shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price target for the company in a research note on Monday, May 13th. TheStreet cut shares of USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. China International Capital upgraded shares of JD.Com to a “buy” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. increased their price objective on shares of Weight Watchers International from $12.00 to $14.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. Finally, Loop Capital began coverage on shares of TENCENT HOLDING/ADR in a research report on Monday, June 3rd. They set a “buy” rating for the company. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.18.

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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