Sanctuary Advisors LLC Has $2.30 Million Stock Position in JD.com, Inc. (NASDAQ:JD)

Sanctuary Advisors LLC increased its stake in JD.com, Inc. (NASDAQ:JD) by 187.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,327 shares of the information services provider’s stock after acquiring an additional 43,227 shares during the quarter. Sanctuary Advisors LLC’s holdings in JD.com were worth $2,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Polunin Capital Partners Ltd lifted its stake in JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after buying an additional 447,264 shares during the period. Citigroup Inc. lifted its stake 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 buying an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. lifted its stake in JD.com by 5.9% in the third 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 buying an additional 200,200 shares during the period. KBC Group NV increased its holdings in shares of JD.com by 213.4% during the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after acquiring an additional 242,409 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of JD.com by 65,089.6% during 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 in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on JD shares. Dbs Bank upgraded JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $46.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Trading Up 3.0 %

Shares of JD.com stock opened at $42.42 on Friday. JD.com, Inc. has a 1 year low of $21.18 and a 1 year high of $47.82. The firm has a market cap of $66.90 billion, a PE ratio of 13.42, a P/E/G ratio of 0.31 and a beta of 0.40. The stock has a fifty day moving average price of $37.89 and a 200-day moving average price of $35.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

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.