Arkfeld Wealth Strategies L.L.C. acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,472 shares of the information services provider's stock, valued at approximately $335,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC purchased a new position in shares of JD.com in the first quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new stake in JD.com in the 1st quarter worth $32,000. Wayfinding Financial LLC bought a new stake in shares of JD.com in the 1st quarter valued at approximately $56,000. Farther Finance Advisors LLC raised its stake in shares of JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after acquiring an additional 308 shares in the last quarter. Finally, Smithfield Trust Co grew its holdings in JD.com by 3,451.8% in the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock worth $82,000 after purchasing an additional 1,933 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
JD.com Trading Down 0.8%
JD traded down $0.28 during midday trading on Friday, hitting $35.10. 28,864,982 shares of the company were exchanged, compared to its average volume of 17,639,228. JD.com, Inc. has a 1-year low of $28.39 and a 1-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 50 day moving average price is $32.34 and its 200-day moving average price is $34.40. The firm has a market capitalization of $49.02 billion, a P/E ratio of 9.86, a P/E/G ratio of 3.94 and a beta of 0.36.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on JD. 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 note on Thursday, July 10th. Arete Research lowered shares of JD.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 1st. 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. Zacks Research upgraded shares of JD.com from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Finally, Benchmark lowered their price objective on shares of JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.31.
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JD.com Company Profile
(
Free Report)
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.
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