LPL Financial LLC lifted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 46.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 261,391 shares of the information services provider's stock after acquiring an additional 83,021 shares during the quarter. LPL Financial LLC's holdings in JD.com were worth $10,748,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in JD. Hexagon Capital Partners LLC bought a new position in JD.com in the 1st quarter worth approximately $25,000. GeoWealth Management LLC raised its holdings in shares of JD.com by 129.1% during the 4th quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock worth $48,000 after acquiring an additional 785 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of JD.com during the 1st quarter worth approximately $56,000. 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 in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its holdings in shares of JD.com by 21.4% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock worth $93,000 after acquiring an additional 400 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.
JD.com Price Performance
Shares of JD.com stock traded down $0.26 on Friday, reaching $31.49. The company's stock had a trading volume of 4,285,598 shares, compared to its average volume of 9,503,030. The company has a market capitalization of $43.98 billion, a P/E ratio of 7.66, a PEG ratio of 4.11 and a beta of 0.46. JD.com, Inc. has a 52-week low of $25.24 and a 52-week high of $47.82. The stock has a 50-day moving average price of $32.52 and a 200-day moving average price of $36.13. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Morgan Stanley decreased their price target on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. UBS Group decreased their price target on JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, July 10th. Citigroup restated a "buy" rating and set a $51.00 price target (down previously from $56.00) on shares of JD.com in a report on Monday, April 28th. Susquehanna decreased their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Finally, Bank of America decreased their price target on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.
Read Our Latest Report 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.
Featured Stories

Before you consider JD.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JD.com wasn't on the list.
While JD.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.