Schroder Investment Management Group grew its position in shares of JD.com, Inc. (NASDAQ:JD – Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 656,282 shares of the information services provider’s stock after purchasing an additional 48,039 shares during the quarter. Schroder Investment Management Group’s holdings in JD.com were worth $22,957,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of JD. Stone House Investment Management LLC bought a new position in JD.com during the third quarter valued at about $35,000. Assetmark Inc. raised its position in JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after acquiring an additional 399 shares in the last quarter. Golden State Wealth Management LLC raised its position in JD.com by 657.9% in the third quarter. Golden State Wealth Management LLC now owns 1,152 shares of the information services provider’s stock worth $40,000 after acquiring an additional 1,000 shares in the last quarter. Union Bancaire Privee UBP SA lifted its holdings in JD.com by 136.0% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 1,180 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 680 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in JD.com by 158.4% in the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 830 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.
JD.com Stock Down 0.6%
JD.com stock opened at $27.94 on Friday. JD.com, Inc. has a twelve month low of $24.51 and a twelve month high of $45.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.22. The firm has a market cap of $40.03 billion, a PE ratio of 15.88, a P/E/G ratio of 8.68 and a beta of 0.41. The firm’s 50 day moving average price is $28.20 and its two-hundred day moving average price is $30.52.
JD.com Increases Dividend
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on JD shares. Bank of America reaffirmed a “buy” rating and issued a $33.00 price objective on shares of JD.com in a research note on Thursday, March 5th. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Wall Street Zen cut shares of JD.com from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Arete Research set a $32.00 price target on shares of JD.com in a research report on Tuesday, December 9th. Finally, UBS Group reaffirmed a “buy” rating on shares of JD.com in a report on Friday, March 6th. Eleven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and a consensus price target of $36.36.
Get Our Latest Analysis on JD.com
JD.com Company Profile
JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.
A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.
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