JD.com, Inc. (JD) Stake Boosted by D.A. Davidson & CO.
D.A. Davidson & CO. raised its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 135.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,083 shares of the information services provider’s stock after purchasing an additional 3,501 shares during the period. D.A. Davidson & CO.’s holdings in JD.com were worth $232,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. acquired a new position in shares of JD.com during the third quarter worth $101,000. Highstreet Asset Management Inc. acquired a new position in shares of JD.com during the second quarter worth $127,000. Advisor Group Inc. increased its position in shares of JD.com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after purchasing an additional 2,907 shares in the last quarter. IFP Advisors Inc increased its position in shares of JD.com by 585.2% during the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after purchasing an additional 4,184 shares in the last quarter. Finally, Bank Pictet & Cie Asia Ltd. acquired a new position in shares of JD.com during the third quarter worth $206,000. 44.98% of the stock is currently owned by institutional investors and hedge funds.
JD has been the topic of several research reports. Zacks Investment Research downgraded JD.com from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. KeyCorp set a $51.00 target price on JD.com and gave the company a “buy” rating in a research report on Monday, November 13th. UBS raised JD.com from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. J P Morgan Chase & Co cut their target price on JD.com from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Finally, BidaskClub downgraded JD.com from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.50.
Shares of JD.com, Inc. (NASDAQ:JD) opened at $37.83 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. JD.com, Inc. has a 12 month low of $25.25 and a 12 month high of $48.99. The stock has a market cap of $54,896.10, a PE ratio of 1,928.50 and a beta of 1.40.
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JD.com Company Profile
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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