7,655 Shares in JD.com, Inc. (NASDAQ:JD) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new position in JD.com, Inc. (NASDAQ:JD) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,655 shares of the information services provider’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of JD.com by 18.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider’s stock worth $468,000 after acquiring an additional 1,830 shares during the last quarter. First Trust Direct Indexing L.P. purchased a new stake in shares of JD.com in the third quarter worth $234,000. Van ECK Associates Corp grew its stake in shares of JD.com by 47.8% in the third quarter. Van ECK Associates Corp now owns 326,904 shares of the information services provider’s stock worth $13,076,000 after acquiring an additional 105,674 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of JD.com by 3.1% in the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after acquiring an additional 889 shares during the last quarter. Finally, M&G PLC grew its stake in shares of JD.com by 4.9% in the third quarter. M&G PLC now owns 888,876 shares of the information services provider’s stock worth $35,555,000 after acquiring an additional 41,787 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Up 6.9 %

JD stock opened at $43.76 on Thursday. JD.com, Inc. has a fifty-two week low of $23.65 and a fifty-two week high of $47.82. The business’s 50-day moving average is $38.69 and its two-hundred day moving average is $36.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market cap of $69.01 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 0.31 and a beta of 0.43.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Barclays upped their price target on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.71.

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.