Banque Transatlantique SA Buys 8,656 Shares of JD.com, Inc. $JD

Key Points

• Banque Transatlantique SA significantly increased its stake in JD.com, owning a total of 12,533 shares after acquiring an additional 8,656 shares, bringing its holdings to a value of approximately $476,000.
• Numerous institutional investors, including Hexagon Capital Partners and Smithfield Trust Co, also made notable modifications to their holdings in JD.com during the first quarter.
• JD.com's stock currently has an average rating of "Moderate Buy" with an average price target of $43.31, despite some analysts reducing their price targets recently.

Banque Transatlantique SA grew its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 223.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,533 shares of the information services provider's stock after purchasing an additional 8,656 shares during the quarter. Banque Transatlantique SA's holdings in JD.com were worth $476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC bought a new stake in JD.com during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of JD.com in the 1st quarter valued at approximately $32,000. Wayfinding Financial LLC bought a new stake in shares of JD.com during the first quarter valued at approximately $56,000. Farther Finance Advisors LLC grew its stake in 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 purchasing an additional 308 shares during the period. Finally, Smithfield Trust Co lifted its position in JD.com by 3,451.8% during the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider's stock valued at $82,000 after buying an additional 1,933 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Price Performance

NASDAQ JD opened at $31.20 on Thursday. JD.com, Inc. has a one year low of $25.61 and a one year high of $47.82. The stock has a 50-day moving average of $31.99 and a 200 day moving average of $35.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The company has a market capitalization of $43.58 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 3.53 and a beta of 0.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho lowered their price target on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. Benchmark dropped their price target on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Morgan Stanley cut their price target on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. JPMorgan Chase & Co. reduced their price objective on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Finally, Arete downgraded JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.

Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.