Infini Capital Management Ltd bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 38,800 shares of the information services provider's stock, valued at approximately $1,595,000. JD.com comprises approximately 1.6% of Infini Capital Management Ltd's investment portfolio, making the stock its 10th biggest position.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Rhumbline Advisers raised its holdings in shares of JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after acquiring an additional 265 shares during the period. Parallel Advisors LLC raised its holdings in shares of JD.com by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock worth $223,000 after acquiring an additional 304 shares during the period. Farther Finance Advisors LLC raised its holdings 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 during the period. Lakeshore Capital Group Inc. raised its holdings in JD.com by 2.4% in the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after buying an additional 322 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its holdings in JD.com by 21.4% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock valued at $93,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.
JD.com Stock Down 0.2%
Shares of JD stock traded down $0.05 during trading hours on Monday, reaching $32.02. 6,772,178 shares of the stock were exchanged, compared to its average volume of 13,944,292. The business's fifty day moving average is $33.29 and its two-hundred day moving average is $36.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. JD.com, Inc. has a 12-month low of $24.13 and a 12-month high of $47.82. The firm has a market capitalization of $50.50 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.15 and a beta of 0.48.
Analyst Upgrades and Downgrades
JD has been the topic of several research analyst reports. Arete Research upgraded shares of JD.com to a "hold" rating in a report on Tuesday, June 24th. Morgan Stanley set a $39.00 price objective on shares of JD.com in a report on Tuesday, May 13th. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Benchmark reduced their price objective on shares of JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, Macquarie restated a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.23.
Read Our Latest Analysis on JD
About JD.com
(
Free Report)
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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