Banque Cantonale Vaudoise Reduces Stock Position in JD.com, Inc. (NASDAQ:JD)

Banque Cantonale Vaudoise lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,774 shares of the information services provider’s stock after selling 892 shares during the quarter. Banque Cantonale Vaudoise’s holdings in JD.com were worth $1,467,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of JD.com by 348.8% in the 4th quarter. International Assets Investment Management LLC now owns 31,346 shares of the information services provider’s stock worth $906,000 after buying an additional 24,361 shares during the period. CWM LLC lifted its holdings in shares of JD.com by 69.3% in the 4th quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after buying an additional 1,208 shares during the period. First Trust Direct Indexing L.P. purchased a new stake in shares of JD.com in the 4th quarter worth $352,000. Natixis Advisors L.P. lifted its holdings in shares of JD.com by 44.6% in the 4th quarter. Natixis Advisors L.P. now owns 18,837 shares of the information services provider’s stock worth $544,000 after buying an additional 5,814 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of JD.com by 12.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock worth $155,000 after buying an additional 602 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD stock traded up $0.63 during mid-day trading on Friday, reaching $27.00. 21,636,913 shares of the company’s stock were exchanged, compared to its average volume of 18,001,198. The company has a market cap of $42.58 billion, a price-to-earnings ratio of 12.33 and a beta of 0.39. The stock’s 50 day moving average is $26.63 and its 200 day moving average is $27.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $35.69.

JD.com (NASDAQ:JD) last released 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. The business had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. On average, research analysts expect that JD.com, Inc. will post 3.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JD. Susquehanna reiterated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Bank of America upped their price objective on JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $33.00 to $36.00 in a research note on Friday, August 16th. Loop Capital decreased their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Finally, Barclays decreased their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.93.

JD.com Company 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.