Campbell & CO Investment Adviser LLC Has $1.61 Million Position in JD.com, Inc. $JD

Campbell & CO Investment Adviser LLC increased its stake in JD.com, Inc. (NASDAQ:JD) by 38.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 49,311 shares of the information services provider’s stock after acquiring an additional 13,770 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in JD.com were worth $1,610,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rehmann Capital Advisory Group lifted its stake in shares of JD.com by 6.4% during the second quarter. Rehmann Capital Advisory Group now owns 7,018 shares of the information services provider’s stock valued at $229,000 after acquiring an additional 421 shares during the period. Guinness Asset Management LTD raised its holdings in JD.com by 13.5% during the 1st quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider’s stock worth $151,000 after purchasing an additional 439 shares during the last quarter. Harbour Investments Inc. lifted its position in JD.com by 22.2% during the 1st quarter. Harbour Investments Inc. now owns 2,720 shares of the information services provider’s stock valued at $112,000 after purchasing an additional 494 shares during the period. Quintet Private Bank Europe S.A. boosted its stake in shares of JD.com by 6.4% in the 2nd quarter. Quintet Private Bank Europe S.A. now owns 8,313 shares of the information services provider’s stock valued at $271,000 after purchasing an additional 500 shares during the last quarter. Finally, PDS Planning Inc grew its position in shares of JD.com by 6.8% during the 2nd quarter. PDS Planning Inc now owns 8,256 shares of the information services provider’s stock worth $269,000 after buying an additional 524 shares during the period. 15.98% of the stock is currently owned by institutional investors.

JD.com Trading Down 1.2%

NASDAQ JD opened at $31.41 on Tuesday. JD.com, Inc. has a one year low of $29.90 and a one year high of $46.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The firm has a market cap of $45.00 billion, a P/E ratio of 8.82, a P/E/G ratio of 3.23 and a beta of 0.41. The stock’s 50-day moving average is $33.60 and its 200-day moving average is $33.00.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JD shares. Morgan Stanley lowered shares of JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a report on Monday. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Arete Research set a $41.00 price objective on JD.com in a research note on Friday, September 26th. Mizuho set a $41.00 price objective on JD.com in a report on Wednesday, October 22nd. Finally, Citigroup began coverage on JD.com in a report on Monday, August 11th. They set a “buy” rating and a $42.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.92.

About JD.com

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.