JD.com, Inc. $JD Shares Acquired by Creative Planning

Creative Planning lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 121.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 378,068 shares of the information services provider’s stock after purchasing an additional 206,985 shares during the period. Creative Planning’s holdings in JD.com were worth $12,340,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of JD.com in the fourth quarter worth $270,000. Cerity Partners LLC raised its stake in shares of JD.com by 33.1% in the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider’s stock valued at $1,092,000 after acquiring an additional 6,611 shares in the last quarter. Sigma Planning Corp purchased a new position in JD.com in the first quarter valued at $217,000. Victory Capital Management Inc. grew its stake in JD.com by 1,747.0% during the 1st quarter. Victory Capital Management Inc. now owns 448,939 shares of the information services provider’s stock worth $18,460,000 after purchasing an additional 424,632 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in JD.com by 91.1% during the 1st quarter. Private Advisor Group LLC now owns 128,550 shares of the information services provider’s stock worth $5,286,000 after purchasing an additional 61,269 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

JD stock opened at $29.45 on Wednesday. The business has a 50 day moving average price of $33.40 and a 200 day moving average price of $32.88. The company has a quick ratio of 0.90, a current ratio of 1.20 and a debt-to-equity ratio of 0.20. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 2.99 and a beta of 0.41. JD.com, Inc. has a fifty-two week low of $29.01 and a fifty-two week high of $46.44.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JD shares. Bank of America decreased their price objective on JD.com from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of JD.com in a research note on Wednesday, October 8th. Morgan Stanley downgraded shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a research report on Monday, November 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $38.00 price objective on shares of JD.com in a research report on Friday. Finally, Arete Research set a $41.00 target price on shares of JD.com in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.43.

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.