BridgePort Financial Solutions LLC Makes New Investment in JD.com, Inc. $JD

Key Points

• BridgePort Financial Solutions LLC has acquired a new position in JD.com, Inc., purchasing 12,142 shares valued at approximately $396,000.
• JD.com stock is currently priced at $35.40 with a 12-month low of $29.90 and a high of $47.82, reflecting a recent decline of 1.6%.
• Analysts have varied outlooks on JD.com, with a consensus price target of $42.86 and ratings ranging from "Strong Buy" to "Hold".

BridgePort Financial Solutions LLC purchased a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,142 shares of the information services provider's stock, valued at approximately $396,000.

Other hedge funds have also made changes to their positions in the company. Hexagon Capital Partners LLC bought a new position in JD.com during the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com in the first quarter valued at $32,000. Ameritas Advisory Services LLC bought a new position in JD.com during the second quarter valued at about $37,000. Wayfinding Financial LLC acquired a new position in JD.com during the first quarter worth about $56,000. Finally, Farther Finance Advisors LLC boosted its position 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 valued at $66,000 after purchasing an additional 308 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Down 1.6%

JD.com stock opened at $35.40 on Friday. JD.com, Inc. has a twelve month low of $29.90 and a twelve month high of $47.82. 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 firm has a market cap of $50.71 billion, a PE ratio of 9.94, a P/E/G ratio of 4.00 and a beta of 0.39. The firm's 50 day moving average price is $32.75 and its two-hundred day moving average price is $33.85.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of JD.com in a report on Saturday, September 27th. Arete raised JD.com from a "sell" rating to a "buy" rating and set a $41.00 price objective for the company in a research note on Friday, September 26th. Citigroup assumed coverage on JD.com in a research report on Monday, August 11th. They set a "buy" rating and a $42.00 target price on the stock. Morgan Stanley decreased their price target on 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. Finally, 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 note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, JD.com has an average rating of "Moderate Buy" and a consensus price target of $42.86.

JD.com 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.