Range Financial Group LLC Purchases 12,920 Shares of JD.com, Inc. $JD

Key Points

• Range Financial Group LLC has increased its holdings in JD.com by 38.0%, owning 46,923 shares valued at approximately $1.53 million as of the recent quarter.
• Multiple hedge funds, including Dodge & Cox and Voya Investment Management, have also grown their positions in JD.com significantly in the first quarter of 2023.
• Analysts have varied opinions on JD.com with price targets ranging from $42.00 to $50.00 and a consensus rating of "Moderate Buy."

Range Financial Group LLC raised its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 38.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,923 shares of the information services provider's stock after acquiring an additional 12,920 shares during the period. Range Financial Group LLC's holdings in JD.com were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Quintet Private Bank Europe S.A. boosted its stake in shares of JD.com by 6.4% during the second quarter. Quintet Private Bank Europe S.A. now owns 8,313 shares of the information services provider's stock worth $271,000 after buying an additional 500 shares during the period. Gradient Investments LLC raised its holdings in JD.com by 29.1% during the second quarter. Gradient Investments LLC now owns 18,160 shares of the information services provider's stock worth $593,000 after purchasing an additional 4,097 shares in the last quarter. GK Wealth Management LLC raised its holdings in JD.com by 6.9% during the second quarter. GK Wealth Management LLC now owns 23,896 shares of the information services provider's stock worth $780,000 after purchasing an additional 1,549 shares in the last quarter. Voya Investment Management LLC raised its holdings in JD.com by 63.8% during the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider's stock worth $213,075,000 after purchasing an additional 2,018,675 shares in the last quarter. Finally, Guinness Asset Management LTD raised its holdings in JD.com by 13.5% during the first quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider's stock worth $151,000 after purchasing an additional 439 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Stock Down 0.8%

Shares of NASDAQ JD traded down $0.28 during mid-day trading on Friday, reaching $35.10. The company had a trading volume of 28,864,982 shares, compared to its average volume of 17,639,228. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. JD.com, Inc. has a twelve month low of $28.39 and a twelve month high of $47.82. The stock's 50 day moving average is $32.34 and its 200-day moving average is $34.46. The stock has a market capitalization of $49.02 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JD shares. Arete cut shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a report on Tuesday, June 24th. Zacks Research raised shares of JD.com from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Arete Research cut shares of JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. dropped their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Finally, Bank of America dropped their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.31.

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.