FNY Investment Advisers LLC bought a new stake in JD.com, Inc. (NASDAQ:JD – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 27,535 shares of the information services provider’s stock, valued at approximately $898,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dodge & Cox increased its stake in shares of JD.com by 8.0% in the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock valued at $742,748,000 after purchasing an additional 1,339,508 shares during the last quarter. Invesco Ltd. increased its stake in shares of JD.com by 2.0% in the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider’s stock valued at $633,986,000 after purchasing an additional 295,900 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after purchasing an additional 2,018,675 shares during the last quarter. Hhlr Advisors LTD. increased its stake in shares of JD.com by 184.7% in the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock valued at $197,857,000 after purchasing an additional 3,121,700 shares during the last quarter. Finally, Alkeon Capital Management LLC increased its stake in shares of JD.com by 19.8% in the 1st quarter. Alkeon Capital Management LLC now owns 4,523,802 shares of the information services provider’s stock valued at $186,019,000 after purchasing an additional 746,530 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.
Analysts Set New Price Targets
JD has been the topic of several recent analyst reports. Citigroup initiated coverage on JD.com in a research note on Monday, August 11th. They issued a “buy” rating and a $42.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of JD.com in a research report on Wednesday, October 8th. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Bank of America cut their target price on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, July 14th. Finally, Benchmark cut their target price on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.46.
JD.com Price Performance
JD stock opened at $32.83 on Wednesday. The company has a fifty day moving average price of $33.20 and a 200-day moving average price of $33.21. The company has a market capitalization of $47.03 billion, a P/E ratio of 9.22, a PEG ratio of 3.68 and a beta of 0.39. JD.com, Inc. has a 52-week low of $29.90 and a 52-week high of $46.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22.
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.
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