SteelPeak Wealth LLC Takes $290,000 Position in JD.com, Inc. (NASDAQ:JD)

SteelPeak Wealth LLC acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,373 shares of the information services provider’s stock, valued at approximately $290,000.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC boosted its stake in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new stake in JD.com in the fourth quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com during the third quarter worth $49,000. Finally, Trium Capital LLP purchased a new stake in shares of JD.com during the 4th quarter valued at $62,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JD. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Barclays boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup decreased their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Up 5.1 %

Shares of JD stock opened at $42.30 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a twelve month low of $21.18 and a twelve month high of $47.82. The stock has a 50 day moving average of $36.67 and a 200 day moving average of $34.03. The stock has a market cap of $66.71 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.29 and a beta of 0.39.

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.