JD.com, Inc. $JD Shares Bought by Compound Planning Inc.

Key Points

• Compound Planning Inc. increased its stake in JD.com, Inc. by 34.3% during the first quarter, owning a total of 30,849 shares valued at approximately $1.27 million.
• Several other hedge funds have also adjusted their positions in JD.com, with notable increases such as GeoWealth Management LLC growing its position by 129.1% in the fourth quarter.
• Analysts have revised their price targets for JD.com, with UBS Group lowering its target from $58.00 to $50.00 while maintaining a "buy" rating.

Compound Planning Inc. raised its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 34.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,849 shares of the information services provider's stock after acquiring an additional 7,883 shares during the quarter. Compound Planning Inc.'s holdings in JD.com were worth $1,269,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in JD. Brighton Jones LLC acquired a new stake in shares of JD.com during the fourth quarter worth approximately $270,000. Raymond James Financial Inc. acquired a new stake in shares of JD.com during the fourth quarter worth approximately $2,363,000. Mariner LLC grew its position in shares of JD.com by 27.4% during the fourth quarter. Mariner LLC now owns 27,934 shares of the information services provider's stock worth $968,000 after buying an additional 6,005 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of JD.com by 51.2% during the fourth quarter. NewEdge Advisors LLC now owns 11,077 shares of the information services provider's stock worth $384,000 after buying an additional 3,750 shares in the last quarter. Finally, GeoWealth Management LLC grew its position in shares of JD.com by 129.1% during the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after buying an additional 785 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Performance

JD stock opened at $31.88 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 1.22. The stock has a market capitalization of $44.53 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 3.62 and a beta of 0.46. JD.com, Inc. has a 1 year low of $25.24 and a 1 year high of $47.82. The stock's fifty day moving average is $32.19 and its two-hundred day moving average is $35.53.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. JPMorgan Chase & Co. decreased their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Benchmark decreased their price objective 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. Arete downgraded shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a report on Tuesday, June 24th. Finally, Morgan Stanley decreased their price objective on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.31.

JD.com Company 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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