Richardson Financial Services Inc. Buys Shares of 794 JD.com, Inc. (NASDAQ:JD)

Richardson Financial Services Inc. purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 794 shares of the information services provider’s stock, valued at approximately $27,000.

A number of other institutional investors have also modified their holdings of the company. Polunin Capital Partners Ltd lifted its holdings in JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after buying an additional 447,264 shares in the last quarter. Seven Grand Managers LLC acquired a new stake in shares of JD.com in the third quarter valued at $16,800,000. Citigroup Inc. boosted its holdings in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after purchasing an additional 36,096 shares during the period. SG Americas Securities LLC grew its stake in JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after purchasing an additional 33,771 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its position in JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after purchasing an additional 200,200 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Stock Performance

Shares of JD.com stock opened at $40.72 on Monday. The stock has a market capitalization of $64.22 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.30 and a beta of 0.39. The firm’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $34.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and cut their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays boosted 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. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Citigroup lowered their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, JD.com presently has an average rating of “Moderate Buy” and an average target price of $41.36.

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.