Ballentine Partners LLC Purchases 1,226 Shares of JD.com, Inc. (NASDAQ:JD)

Ballentine Partners LLC increased its holdings in JD.com, Inc. (NASDAQ:JD) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,453 shares of the information services provider’s stock after purchasing an additional 1,226 shares during the quarter. Ballentine Partners LLC’s holdings in JD.com were worth $397,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Advisers LP raised its stake in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares during the last quarter. FMR LLC raised its stake in shares of JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after buying an additional 4,445,277 shares during the last quarter. National Bank of Canada FI lifted its holdings in JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after acquiring an additional 2,211,095 shares during the period. Point72 Asset Management L.P. grew its position in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after buying an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of JD.com during the 3rd quarter valued at about $73,311,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Citigroup decreased their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Barclays upped their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Trading Down 1.1 %

Shares of JD.com stock opened at $38.70 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business has a fifty day simple moving average of $36.13 and a two-hundred day simple moving average of $33.58. JD.com, Inc. has a 1 year low of $21.18 and a 1 year high of $47.82. The company has a market capitalization of $61.03 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.28 and a beta of 0.39.

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.