Lake Hills Wealth Management LLC Takes Position in JD.com, Inc. (NASDAQ:JD)

Lake Hills Wealth Management LLC purchased a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 8,294 shares of the information services provider's stock, valued at approximately $341,000.

A number of other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its position in JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after purchasing an additional 265 shares during the period. Parallel Advisors LLC boosted its position in JD.com by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after purchasing an additional 304 shares during the period. Lakeshore Capital Group Inc. boosted its position in JD.com by 2.4% during the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after purchasing an additional 322 shares during the period. Quintet Private Bank Europe S.A. boosted its position in JD.com by 4.5% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock valued at $271,000 after purchasing an additional 334 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in JD.com by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider's stock valued at $353,000 after purchasing an additional 436 shares during the period. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JD has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. Mizuho reduced their price target on JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. UBS Group set a $51.00 price target on JD.com in a research report on Friday, March 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Finally, Barclays boosted their price target on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Three research 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.33.

JD.com Stock Up 0.1%

JD opened at $33.12 on Friday. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock's fifty day moving average is $34.32 and its 200-day moving average is $37.32. The company has a market capitalization of $52.23 billion, a PE ratio of 10.48, a P/E/G ratio of 0.31 and a beta of 0.56.

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.

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