Bamco Inc. NY Acquires Shares of 808,508 JD.com, Inc. (NASDAQ:JD)

Bamco Inc. NY bought a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 808,508 shares of the information services provider’s stock, valued at approximately $32,340,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atlas Capital Advisors LLC bought a new position in JD.com during the 2nd quarter worth $28,000. Huntington National Bank grew its holdings in shares of JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of JD.com during the 3rd quarter worth $103,000. Allspring Global Investments Holdings LLC increased its position in shares of JD.com by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after purchasing an additional 1,102 shares during the period. Finally, Blue Trust Inc. raised its stake in JD.com by 295.7% in the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 2,360 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD.com stock opened at $37.47 on Tuesday. The stock has a market cap of $59.09 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.31 and a beta of 0.41. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82. The company’s fifty day moving average is $39.12 and its 200 day moving average is $31.76.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Sanford C. Bernstein lowered their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.36.

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.