Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $335,000 in JD.com, Inc. $JD

Key Points

• Empirical Financial Services LLC invested $335,000 in JD.com, purchasing 10,260 shares as part of its new stake during the second quarter.
• In addition to Empirical, other institutional investors have also increased their holdings in JD.com, with notable raises from Exchange Traded Concepts LLC and Royal Bank of Canada.
• JD.com has received mixed analyst ratings, with price targets ranging from $28.00 to $53.00, indicating a generally cautious outlook among analysts.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,260 shares of the information services provider's stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC boosted its position in shares of JD.com by 42.6% during the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider's stock valued at $3,780,000 after buying an additional 34,585 shares during the last quarter. Royal Bank of Canada lifted its position in JD.com by 4.5% during the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider's stock valued at $14,241,000 after purchasing an additional 15,000 shares during the period. Cerity Partners LLC boosted its holdings in JD.com by 33.1% in the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock worth $1,092,000 after purchasing an additional 6,611 shares during the last quarter. Range Financial Group LLC grew its position in JD.com by 38.0% in the 2nd quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider's stock worth $1,532,000 after purchasing an additional 12,920 shares during the period. Finally, Polunin Capital Partners Ltd raised its stake in JD.com by 1.8% during the 2nd quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider's stock valued at $66,638,000 after buying an additional 35,747 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Price Performance

Shares of NASDAQ:JD opened at $35.91 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com, Inc. has a 1-year low of $29.90 and a 1-year high of $47.82. The company has a market capitalization of $51.44 billion, a P/E ratio of 10.09, a P/E/G ratio of 4.00 and a beta of 0.39. The firm's 50 day simple moving average is $32.80 and its two-hundred day simple moving average is $33.75.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on JD shares. Morgan Stanley dropped 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. Arete Research set a $41.00 price target on JD.com in a research note on Friday, September 26th. Bank of America lowered their price objective 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. Weiss Ratings reissued a "hold (c)" rating on shares of JD.com in a report on Saturday, September 27th. Finally, Benchmark reduced their target price on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.

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