JD.com, Inc. $JD Shares Acquired by RD Finance Ltd

RD Finance Ltd raised its holdings in JD.com, Inc. (NASDAQ:JD) by 214.2% in the second quarter, Holdings Channel.com reports. The fund owned 81,500 shares of the information services provider’s stock after acquiring an additional 55,560 shares during the quarter. JD.com makes up about 3.5% of RD Finance Ltd’s investment portfolio, making the stock its 10th largest position. RD Finance Ltd’s holdings in JD.com were worth $2,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its stake in shares of JD.com by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after purchasing an additional 13,755 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of JD.com by 42.6% in the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock worth $3,780,000 after buying an additional 34,585 shares during the last quarter. Royal Bank of Canada lifted its holdings in JD.com by 4.5% in the 1st quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock worth $14,241,000 after purchasing an additional 15,000 shares during the last quarter. Range Financial Group LLC lifted its stake in shares of JD.com by 38.0% in the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock worth $1,532,000 after buying an additional 12,920 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of JD.com by 33.1% during the 1st quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider’s stock worth $1,092,000 after purchasing an additional 6,611 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

NASDAQ JD opened at $32.04 on Thursday. The company has a 50 day moving average of $33.55 and a 200-day moving average of $33.03. 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 $45.90 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 3.23 and a beta of 0.41. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Mizuho set a $41.00 price target on JD.com in a report on Wednesday, October 22nd. Morgan Stanley cut their target price on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Benchmark cut their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Arete Research set a $41.00 price objective on shares of JD.com in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.92.

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.