Seven Grand Managers LLC Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Seven Grand Managers LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 420,000 shares of the information services provider's stock, valued at approximately $16,800,000. JD.com accounts for about 3.8% of Seven Grand Managers LLC's holdings, making the stock its 6th biggest position.

Several other institutional investors have also modified their holdings of JD. Prospect Financial Services LLC bought a new stake in JD.com during the third quarter worth approximately $269,000. First Pacific Financial lifted its position in shares of JD.com by 11.3% during the 3rd quarter. First Pacific Financial now owns 18,834 shares of the information services provider's stock valued at $753,000 after acquiring an additional 1,907 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of JD.com by 7.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 87,030 shares of the information services provider's stock worth $3,481,000 after acquiring an additional 5,709 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of JD.com by 32.6% in the 3rd quarter. Ritholtz Wealth Management now owns 65,457 shares of the information services provider's stock worth $2,618,000 after acquiring an additional 16,094 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of JD.com by 5.7% during the third quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider's stock worth $709,000 after purchasing an additional 952 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Performance

NASDAQ:JD traded down $1.69 during midday trading on Thursday, reaching $38.85. The stock had a trading volume of 17,360,257 shares, compared to its average volume of 15,210,339. The stock has a market capitalization of $61.27 billion, a P/E ratio of 17.74, a PEG ratio of 0.65 and a beta of 0.42. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The firm's fifty day simple moving average is $32.20 and its 200-day simple moving average is $29.75.

JD.com (NASDAQ:JD - Get Free Report) last announced its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The firm had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that JD.com, Inc. will post 3.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JD. Sanford C. Bernstein dropped their target price on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday. Loop Capital dropped their price target on JD.com from $35.00 to $31.00 and set a "hold" rating on the stock in a research report on Friday, June 21st. Finally, Susquehanna restated a "neutral" rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JD.com presently has an average rating of "Moderate Buy" and an average target price of $38.53.

JD.com Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.