Baader Bank Aktiengesellschaft Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Key Points

• Baader Bank Aktiengesellschaft acquired a new stake in JD.com, purchasing 7,890 shares valued at approximately $324,000 during the first quarter.
• JD.com has received mixed ratings from brokerages, with target prices ranging from $35.00 to $48.00, and a consensus rating of "Moderate Buy."
• The company's stock has a market cap of $44.34 billion and a current price of $31.75, with a PE ratio of 7.73.

Baader Bank Aktiengesellschaft purchased a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,890 shares of the information services provider's stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JD. Hexagon Capital Partners LLC acquired a new position in JD.com during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in JD.com during the 1st quarter worth $32,000. GeoWealth Management LLC lifted its holdings in JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after acquiring an additional 785 shares in the last quarter. Wayfinding Financial LLC acquired a new position in JD.com in the first quarter valued at about $56,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of JD.com by 23.7% in the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after acquiring an additional 308 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Performance

Shares of JD.com stock opened at $31.75 on Thursday. The company has a 50 day moving average of $32.71 and a 200-day moving average of $36.41. The company has a market cap of $44.34 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 4.21 and a beta of 0.48. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JD. Macquarie reaffirmed a "neutral" rating and issued a $35.00 target price on shares of JD.com in a research note on Wednesday, April 23rd. Mizuho reduced their price objective on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Arete Research raised JD.com to a "hold" rating in a research report on Tuesday, June 24th. Bank of America cut their target price on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

JD.com Company Profile

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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