PDS Planning Inc Raises Stock Holdings in JD.com, Inc. $JD

PDS Planning Inc increased its position in JD.com, Inc. (NASDAQ:JD) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,256 shares of the information services provider’s stock after buying an additional 524 shares during the quarter. PDS Planning Inc’s holdings in JD.com were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hexagon Capital Partners LLC purchased a new position in shares of JD.com in the first quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new position in JD.com during the 1st quarter valued at $32,000. Ameritas Advisory Services LLC purchased a new position in JD.com during the 2nd quarter valued at $37,000. Wayfinding Financial LLC purchased a new position in JD.com during the 1st quarter valued at $56,000. Finally, Farther Finance Advisors LLC increased its position in JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock valued at $66,000 after purchasing an additional 308 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JD. Arete Research set a $41.00 price objective on shares of JD.com in a research report on Friday, September 26th. Arete raised shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Friday, September 26th. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Morgan Stanley reduced their price objective on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Finally, Citigroup started coverage on shares of JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

JD.com Stock Performance

Shares of JD.com stock opened at $31.85 on Monday. JD.com, Inc. has a 1 year low of $29.90 and a 1 year high of $46.44. The firm’s 50-day moving average is $32.99 and its 200 day moving average is $33.52. The stock has a market cap of $45.63 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 3.60 and a beta of 0.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

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.