Arkfeld Wealth Strategies L.L.C. Takes Position in JD.com, Inc. $JD

Key Points

• Arkfeld Wealth Strategies L.L.C. acquired a new position in JD.com, purchasing 10,472 shares valued at approximately $335,000 during the second quarter.
• Several institutional investors have also increased their stakes in JD.com, with Smithfield Trust Co. notably boosting its holdings by 3,451.8% during the first quarter.
• JD.com has experienced various changes in analyst ratings, with the average rating being a "Moderate Buy" and a consensus price target of $43.31.

Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,472 shares of the information services provider's stock, valued at approximately $335,000.

Several other institutional investors also recently bought and sold shares of JD. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com during the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of JD.com in the 1st quarter valued at about $32,000. Wayfinding Financial LLC bought a new stake in shares of JD.com in the 1st quarter valued at about $56,000. Farther Finance Advisors LLC raised its holdings in shares of JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after purchasing an additional 308 shares in the last quarter. Finally, Smithfield Trust Co raised its holdings in shares of JD.com by 3,451.8% in the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock valued at $82,000 after purchasing an additional 1,933 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Up 0.2%

Shares of NASDAQ JD traded up $0.08 during midday trading on Tuesday, reaching $34.01. The company had a trading volume of 9,113,511 shares, compared to its average volume of 13,128,854. JD.com, Inc. has a one year low of $29.90 and a one year high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average price is $32.40 and its 200-day moving average price is $34.27. The stock has a market cap of $47.51 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36.

Analysts Set New Price Targets

A number of brokerages have issued reports on JD. Bank of America cut their price target on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. UBS Group decreased their price target on shares of JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Benchmark dropped their price target on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Finally, Morgan Stanley dropped their price target on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.31.

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.