Huntington National Bank Boosts Holdings in JD.com, Inc. (NASDAQ:JD)

Huntington National Bank raised its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 32.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,861 shares of the information services provider’s stock after acquiring an additional 452 shares during the period. Huntington National Bank’s holdings in JD.com were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in JD. SRN Advisors LLC lifted its position in shares of JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after buying an additional 516 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in JD.com by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after purchasing an additional 719 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of JD.com by 4.8% in the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after purchasing an additional 797 shares during the period. QRG Capital Management Inc. increased 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 purchasing an additional 889 shares in the last quarter. Finally, First Pacific Financial raised its position in shares of JD.com by 5.6% during the 2nd quarter. First Pacific Financial now owns 16,927 shares of the information services provider’s stock valued at $437,000 after purchasing an additional 891 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Performance

JD stock opened at $35.33 on Tuesday. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The firm has a market cap of $55.72 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.39 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The firm has a 50-day simple moving average of $37.54 and a two-hundred day simple moving average of $31.57.

Analysts Set New Price Targets

A number of brokerages have issued reports on JD. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Barclays increased their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday. Finally, Sanford C. Bernstein reduced their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Company 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.