Advisors Asset Management Inc. Acquires 9,112 Shares of JD.com, Inc. (NASDAQ:JD)

Advisors Asset Management Inc. lifted its stake in JD.com, Inc. (NASDAQ:JD) by 85.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,776 shares of the information services provider’s stock after purchasing an additional 9,112 shares during the quarter. Advisors Asset Management Inc.’s holdings in JD.com were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JD. Polunin Capital Partners Ltd increased its stake in JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after purchasing an additional 447,264 shares in the last quarter. Seven Grand Managers LLC bought a new stake in shares of JD.com during the third quarter valued at approximately $16,800,000. SG Americas Securities LLC raised its holdings in JD.com by 55.8% in the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after acquiring an additional 33,771 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in JD.com by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after acquiring an additional 63,800 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in JD.com during the 3rd quarter valued at $740,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JD shares. StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Sanford C. Bernstein decreased their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Barclays raised their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Finally, Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Stock Performance

NASDAQ JD opened at $35.33 on Wednesday. The business has a 50-day moving average price of $38.57 and a 200-day moving average price of $31.69. The firm has a market cap of $55.72 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.29 and a beta of 0.41. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

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.