Lee Johnson Capital Management LLC Invests $1.22 Million in JD.com, Inc. (NASDAQ:JD)

Lee Johnson Capital Management LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 30,498 shares of the information services provider’s stock, valued at approximately $1,220,000. JD.com makes up 0.6% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 25th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new position in JD.com during the 2nd quarter valued at about $28,000. Allspring Global Investments Holdings LLC boosted its stake in shares of JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC purchased a new position in JD.com during the first quarter valued at approximately $58,000. Advisors Preferred LLC bought a new position in JD.com in the first quarter worth approximately $126,000. Finally, Blue Trust Inc. lifted its holdings in JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after buying an additional 2,360 shares during the period. 15.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein reduced their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Susquehanna reissued a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, Barclays increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.53.

JD.com Stock Performance

Shares of JD traded up $1.13 during trading hours on Friday, reaching $39.98. 15,214,145 shares of the company traded hands, compared to its average volume of 15,210,604. The stock has a market capitalization of $63.05 billion, a P/E ratio of 18.26, a P/E/G ratio of 0.65 and a beta of 0.42. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. The business has a fifty day moving average price of $32.48 and a 200-day moving average price of $29.85.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. Equities analysts anticipate that JD.com, Inc. will post 3.75 EPS for the current fiscal year.

About JD.com

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.