Ritholtz Wealth Management Increases Position in JD.com, Inc. (NASDAQ:JD)

Ritholtz Wealth Management grew its holdings in JD.com, Inc. (NASDAQ:JD) by 51.1% during the fourth quarter, HoldingsChannel reports. The firm owned 98,898 shares of the information services provider’s stock after acquiring an additional 33,441 shares during the period. Ritholtz Wealth Management’s holdings in JD.com were worth $3,429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Modus Advisors LLC acquired a new position in shares of JD.com during the 4th quarter valued at about $41,000. Wilmington Savings Fund Society FSB acquired a new position in JD.com in the 3rd quarter valued at about $49,000. Huntington National Bank grew its stake in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after buying an additional 452 shares during the period. Transamerica Financial Advisors Inc. acquired a new stake in shares of JD.com during the 3rd quarter worth approximately $103,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after buying an additional 1,102 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of NASDAQ JD opened at $39.00 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market cap of $61.51 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The stock’s 50-day moving average is $36.00 and its two-hundred day moving average is $33.19. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JD. JPMorgan Chase & Co. raised their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Citigroup decreased their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.