Ameriprise Financial Inc. Has $104.75 Million Position in JD.com, Inc. (JD)
Ameriprise Financial Inc. boosted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,742,240 shares of the information services provider’s stock after purchasing an additional 346,154 shares during the period. Ameriprise Financial Inc. owned about 0.19% of JD.com worth $104,753,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JD. Bessemer Group Inc. bought a new stake in JD.com during the third quarter valued at about $101,000. Highstreet Asset Management Inc. bought a new stake in JD.com during the second quarter valued at about $127,000. Advisor Group Inc. raised its holdings in JD.com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after acquiring an additional 2,907 shares during the period. IFP Advisors Inc raised its holdings in JD.com by 585.2% during the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after acquiring an additional 4,184 shares during the period. Finally, Suntrust Banks Inc. bought a new stake in JD.com during the second quarter valued at about $207,000. Institutional investors own 46.51% of the company’s stock.
Shares of JD.com, Inc. (NASDAQ:JD) opened at $39.21 on Monday. JD.com, Inc. has a twelve month low of $25.25 and a twelve month high of $48.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.12 and a quick ratio of 0.79. The stock has a market capitalization of $55,807.00, a PE ratio of 1,960.50 and a beta of 1.40.
JD has been the topic of a number of recent analyst reports. Bank of America Corporation reissued a “buy” rating and set a $53.00 price target (up from $46.00) on shares of JD.com in a report on Wednesday, August 9th. UBS AG reissued a “neutral” rating and set a $41.00 price target on shares of JD.com in a report on Monday, August 14th. BidaskClub cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. J P Morgan Chase & Co raised their price target on JD.com to $55.00 and gave the company a “positive” rating in a report on Tuesday, August 15th. Finally, Instinet reissued a “buy” rating and set a $55.00 price target (up from $46.00) on shares of JD.com in a report on Tuesday, August 15th. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.50.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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