JD.com, Inc. $JD Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 44.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,924 shares of the information services provider’s stock after buying an additional 2,147 shares during the quarter. Blue Trust Inc.’s holdings in JD.com were worth $226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC purchased a new position in JD.com in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new position in JD.com in the 1st quarter valued at $32,000. Ameritas Advisory Services LLC purchased a new position in JD.com in the 2nd quarter valued at $37,000. Wayfinding Financial LLC purchased a new position in JD.com in the 1st quarter valued at $56,000. Finally, Farther Finance Advisors LLC lifted its holdings in JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock valued at $66,000 after purchasing an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

JD has been the topic of a number of research reports. Benchmark decreased their price objective on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Citigroup started coverage on JD.com in a report on Monday, August 11th. They issued a “buy” rating and a $42.00 price objective on the stock. Arete Research set a $41.00 price target on JD.com in a report on Friday, September 26th. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of JD.com in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.86.

JD.com Stock Performance

JD.com stock opened at $32.71 on Wednesday. The firm has a market capitalization of $46.86 billion, a P/E ratio of 9.19, a PEG ratio of 3.75 and a beta of 0.39. The stock has a fifty day moving average price of $33.05 and a 200 day moving average price of $33.45. JD.com, Inc. has a 52 week low of $29.90 and a 52 week high of $46.44. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19.

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.