Steward Partners Investment Advisory LLC bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,243 shares of the information services provider’s stock, valued at approximately $276,000.

A number of other large investors have also made changes to their positions in JD. Jennison Associates LLC grew its stake in JD.com by 0.8% during the 2nd quarter. Jennison Associates LLC now owns 36,469 shares of the information services provider’s stock valued at $1,430,000 after purchasing an additional 277 shares during the last quarter. Formula Growth Ltd. grew its stake in JD.com by 0.9% during the 2nd quarter. Formula Growth Ltd. now owns 71,347 shares of the information services provider’s stock valued at $2,798,000 after purchasing an additional 637 shares during the last quarter. Compagnie Lombard Odier SCmA grew its stake in JD.com by 1.2% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 77,890 shares of the information services provider’s stock valued at $3,054,000 after purchasing an additional 900 shares during the last quarter. HighTower Advisors LLC grew its stake in JD.com by 6.1% during the 2nd quarter. HighTower Advisors LLC now owns 16,591 shares of the information services provider’s stock valued at $650,000 after purchasing an additional 955 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its stake in JD.com by 2.8% during the 2nd quarter. Rafferty Asset Management LLC now owns 37,468 shares of the information services provider’s stock valued at $1,469,000 after purchasing an additional 1,036 shares during the last quarter. 44.04% of the stock is currently owned by institutional investors.

JD has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on JD.com in a research note on Wednesday, December 13th. They issued a “buy” rating and a $48.00 target price on the stock. BidaskClub downgraded JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. J P Morgan Chase & Co lowered their target price on JD.com from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Nomura upped their target price on JD.com from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Wells Fargo & Company upped their target price on JD.com from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.65.

JD.com, Inc. (NASDAQ:JD) opened at $42.97 on Wednesday. The stock has a market capitalization of $61,190.00, a P/E ratio of 2,016.00 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.30. JD.com, Inc. has a 1 year low of $25.28 and a 1 year high of $48.99.

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About JD.com

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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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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