Callan Family Office LLC Buys New Position in JD.com, Inc. $JD

Callan Family Office LLC bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,824 shares of the information services provider’s stock, valued at approximately $451,000.

Several other hedge funds also recently modified their holdings of the stock. Fluent Financial LLC boosted its position in shares of JD.com by 94.3% during the second quarter. Fluent Financial LLC now owns 148,680 shares of the information services provider’s stock valued at $4,853,000 after buying an additional 72,167 shares during the last quarter. Lakeshore Capital Group Inc. boosted its position in shares of JD.com by 15.5% during the second quarter. Lakeshore Capital Group Inc. now owns 15,620 shares of the information services provider’s stock valued at $510,000 after buying an additional 2,098 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in JD.com in the second quarter worth $222,000. BridgePort Financial Solutions LLC purchased a new position in JD.com in the second quarter worth $396,000. Finally, Ameritas Advisory Services LLC purchased a new position in JD.com in the second quarter worth $37,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD opened at $32.71 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com, Inc. has a 1 year low of $29.90 and a 1 year high of $46.44. The firm has a market cap of $46.86 billion, a PE ratio of 9.19, a PEG ratio of 3.75 and a beta of 0.39. The stock’s fifty day moving average price is $33.05 and its two-hundred day moving average price is $33.45.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JD shares. Arete raised JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Friday, September 26th. UBS Group cut their price objective on JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, July 10th. Morgan Stanley cut their price objective on JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Citigroup started coverage on JD.com in a research report on Monday, August 11th. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of JD.com in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average price target of $42.86.

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.