JD.com, Inc. $JD Shares Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in JD.com, acquiring 75,100 shares, resulting in a total of 114,631 shares valued at $4.71 million.
• JD.com is currently rated with an average of "Moderate Buy" by analysts, with a target price averaging $43.31 and ratings ranging from Strong Buy to Sell.
• The company's stock opened at $31.07 with a market cap of $43.39 billion, having experienced a fifty-two week range between $25.61 and $47.82.

Ieq Capital LLC boosted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 190.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,631 shares of the information services provider's stock after acquiring an additional 75,100 shares during the quarter. Ieq Capital LLC's holdings in JD.com were worth $4,714,000 as of its most recent filing with the SEC.

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

JD.com Stock Performance

JD stock traded up $0.51 during trading on Tuesday, reaching $31.58. 16,038,085 shares of the company's stock were exchanged, compared to its average volume of 12,423,867. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 1-year low of $25.61 and a 1-year high of $47.82. The company's fifty day moving average price is $32.04 and its 200-day moving average price is $35.10. The firm has a market cap of $44.11 billion, a PE ratio of 8.87, a P/E/G ratio of 3.53 and a beta of 0.36.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup assumed coverage on JD.com in a research note on Monday, August 11th. They issued a "buy" rating and a $42.00 price target on the stock. Wall Street Zen lowered JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. UBS Group reduced their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, July 10th. Benchmark reduced their price objective 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. Finally, Mizuho reduced their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.