First Allied Advisory Services Inc. Invests $312,000 in JD.Com Inc (JD) Stock

First Allied Advisory Services Inc. purchased a new position in JD.Com Inc (NASDAQ:JD) in the 1st quarter, Holdings Channel reports. The fund purchased 10,339 shares of the information services provider’s stock, valued at approximately $312,000.

A number of other institutional investors have also bought and sold shares of the business. Advisory Services Network LLC raised its stake in shares of JD.Com by 2,305.1% during the fourth quarter. Advisory Services Network LLC now owns 1,900 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 1,821 shares during the last quarter. Doyle Wealth Management bought a new position in shares of JD.Com during the fourth quarter valued at about $42,000. AlphaMark Advisors LLC bought a new position in shares of JD.Com during the fourth quarter valued at about $47,000. Commonwealth Bank of Australia raised its stake in shares of JD.Com by 35.6% during the fourth quarter. Commonwealth Bank of Australia now owns 2,950 shares of the information services provider’s stock valued at $60,000 after acquiring an additional 774 shares during the last quarter. Finally, Exane Derivatives bought a new position in shares of JD.Com during the fourth quarter valued at about $75,000. 46.19% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ JD opened at $26.32 on Friday. JD.Com Inc has a 1 year low of $19.21 and a 1 year high of $45.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.83. The stock has a market cap of $31.69 billion, a P/E ratio of -877.33 and a beta of 1.30.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, February 28th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. The company had revenue of $19.61 billion for the quarter, compared to analysts’ expectations of $19.34 billion. As a group, equities analysts predict that JD.Com Inc will post 0.51 EPS for the current fiscal year.

Several equities analysts have recently commented on JD shares. Daiwa Capital Markets set a $38.00 price objective on shares of JD.Com and gave the company a “buy” rating in a research note on Friday, March 1st. Benchmark upped their price objective on shares of JD.Com from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, March 27th. BidaskClub raised shares of JD.Com from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Finally, CICC Research raised shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price objective for the company in a research note on Monday, May 13th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.22.

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JD.Com Profile

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.

Further Reading: Price-Sales Ratio

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

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