Bayforest Capital Ltd Grows Position in JD.com, Inc. $JD

Key Points

• Bayforest Capital Ltd increased its stake in JD.com by 177.1% during the 2nd quarter, acquiring 10,781 additional shares for a total of 16,868 shares valued at approximately $551,000.
• Several hedge funds, including Hexagon Capital Partners and Ameritas Advisory Services, have also established new positions in JD.com, highlighting growing institutional interest in the company.
• JD.com has been rated with a consensus of "Moderate Buy" by analysts, with a current target price averaging $42.86, amidst a fluctuating price range over the past year.

Bayforest Capital Ltd raised its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 177.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,868 shares of the information services provider's stock after buying an additional 10,781 shares during the quarter. Bayforest Capital Ltd's holdings in JD.com were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JD. Hexagon Capital Partners LLC acquired a new position in shares of JD.com during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com during the 1st quarter worth approximately $32,000. Ameritas Advisory Services LLC purchased a new position in shares of JD.com during the 2nd quarter valued at approximately $37,000. Wayfinding Financial LLC purchased a new stake in JD.com during the first quarter worth $56,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of JD.com by 23.7% during the 1st 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. Institutional investors and hedge funds own 15.98% of the company's stock.

Wall Street Analyst Weigh In

JD has been the topic of a number of research reports. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Benchmark decreased their price target 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. Arete raised shares of JD.com from a "sell" rating to a "buy" rating and set a $41.00 price target on the stock in a research note on Friday, September 26th. Arete Research set a $41.00 price target on shares of JD.com in a research note on Friday, September 26th. Finally, UBS Group reduced their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, JD.com has an average rating of "Moderate Buy" and a consensus target price of $42.86.

JD.com Price Performance

Shares of JD stock opened at $32.71 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The firm's 50-day moving average is $33.05 and its two-hundred day moving average is $33.45. JD.com, Inc. has a 12 month low of $29.90 and a 12 month high of $46.44. The company has a market capitalization of $46.86 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39.

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.

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.