Hhlr Advisors LTD. Boosts Holdings in JD.com, Inc. (NASDAQ:JD)

Hhlr Advisors LTD. grew its holdings in JD.com, Inc. (NASDAQ:JD) by 2,523.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,600,000 shares of the information services provider’s stock after purchasing an additional 1,539,000 shares during the quarter. JD.com accounts for about 1.4% of Hhlr Advisors LTD.’s holdings, making the stock its 12th biggest holding. Hhlr Advisors LTD. owned about 0.10% of JD.com worth $64,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JD. Tidal Investments LLC purchased a new position in shares of JD.com in the first quarter valued at approximately $849,000. Cetera Advisors LLC purchased a new position in JD.com in the first quarter worth approximately $280,000. Teachers Retirement System of The State of Kentucky lifted its stake in JD.com by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock worth $10,110,000 after acquiring an additional 63,800 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its stake in JD.com by 6.1% in the second quarter. Guinness Atkinson Asset Management Inc now owns 39,560 shares of the information services provider’s stock worth $1,022,000 after acquiring an additional 2,260 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in JD.com by 4.7% in the second quarter. QRG Capital Management Inc. now owns 28,408 shares of the information services provider’s stock worth $734,000 after acquiring an additional 1,273 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JD shares. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Barclays lifted their price target on shares of 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 cut their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Finally, StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average target price of $40.36.

JD.com Stock Performance

Shares of JD.com stock opened at $37.38 on Friday. The firm’s fifty day simple moving average is $39.12 and its 200-day simple moving average is $31.79. The stock has a market capitalization of $58.95 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.30 and a beta of 0.41. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

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.