Pacer Advisors Inc. Has $1.74 Million Stock Position in JD.Com Inc (NASDAQ:JD)

Pacer Advisors Inc. boosted its position in shares of JD.Com Inc (NASDAQ:JD) by 11.3% in the 2nd quarter, reports. The firm owned 57,577 shares of the information services provider’s stock after buying an additional 5,867 shares during the quarter. Pacer Advisors Inc.’s holdings in JD.Com were worth $1,744,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. NEXT Financial Group Inc bought a new position in shares of JD.Com in the 2nd quarter worth $25,000. CWM LLC bought a new stake in shares of JD.Com in the 2nd quarter valued at $26,000. Ropes Wealth Advisors LLC acquired a new stake in JD.Com during the 2nd quarter worth $30,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in JD.Com during the 1st quarter worth $51,000. Finally, Synovus Financial Corp lifted its holdings in JD.Com by 50.5% during the first quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock worth $64,000 after acquiring an additional 720 shares in the last quarter. 50.17% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:JD traded up $0.61 during mid-day trading on Wednesday, reaching $31.48. 296,425 shares of the stock were exchanged, compared to its average volume of 14,345,158. The stock’s 50 day simple moving average is $29.86 and its 200-day simple moving average is $29.13. JD.Com Inc has a one year low of $19.21 and a one year high of $32.38. The company has a market cap of $37.90 billion, a P/E ratio of -1,048.50 and a beta of 1.38. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.19.

JD.Com (NASDAQ:JD) last released its earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.18. JD.Com had a return on equity of 7.72% and a net margin of 1.23%. The firm had revenue of $150.28 billion for the quarter, compared to analysts’ expectations of $147.44 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. Analysts anticipate that JD.Com Inc will post 0.77 EPS for the current fiscal year.

A number of research analysts have issued reports on JD shares. BidaskClub raised JD.Com from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Credit Suisse Group reaffirmed an “outperform” rating on shares of JD.Com in a research report on Wednesday, July 17th. Jefferies Financial Group began coverage on JD.Com in a report on Monday, August 5th. They set a “buy” rating and a $36.50 price objective on the stock. Nomura upgraded JD.Com from a “neutral” rating to a “buy” rating and set a $29.81 price objective for the company in a research report on Wednesday, May 15th. Finally, Mizuho increased their target price on JD.Com from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. JD.Com presently has an average rating of “Buy” and a consensus price target of $32.97.

About 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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