Farther Finance Advisors LLC Purchases 20,425 Shares of JD.com, Inc. $JD

Key Points

• Farther Finance Advisors LLC increased its ownership in JD.com by an impressive 1,272.6% in the second quarter, acquiring an additional 20,425 shares and bringing its total holdings to 22,030 shares valued at $719,000.
• Other institutional investors, such as Jefferies Financial Group and Brighton Jones, have also made significant moves in JD.com, highlighting growing interest in the company among hedge funds.
• JD.com's stock ratings from research firms are mixed, with some increasing their recommendations while others, like Zacks Research, upgraded the stock from "strong sell" to "hold," indicating a potential shift in sentiment.

Farther Finance Advisors LLC grew its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 1,272.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,030 shares of the information services provider's stock after purchasing an additional 20,425 shares during the quarter. Farther Finance Advisors LLC's holdings in JD.com were worth $719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JD. Brighton Jones LLC bought a new position in JD.com in the 4th quarter worth approximately $270,000. Mackenzie Financial Corp bought a new position in shares of JD.com in the fourth quarter worth $327,000. Jefferies Financial Group Inc. boosted its holdings in shares of JD.com by 169.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 33,086 shares of the information services provider's stock worth $1,147,000 after acquiring an additional 20,829 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of JD.com by 5.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,333 shares of the information services provider's stock valued at $428,000 after purchasing an additional 645 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of JD.com during the 1st quarter valued at $1,443,000. Institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

NASDAQ JD opened at $35.17 on Friday. The company has a 50-day simple moving average of $32.53 and a two-hundred day simple moving average of $34.23. JD.com, Inc. has a 12-month low of $29.90 and a 12-month high of $47.82. The firm has a market cap of $49.12 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 3.91 and a beta of 0.36. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JD. Zacks Research raised JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Benchmark reduced their price objective on shares of JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, July 21st. UBS Group cut their price target on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, July 10th. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Arete Research lowered JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, JD.com 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.

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