Patriot Financial Group Insurance Agency LLC Acquires 8,771 Shares of JD.com, Inc. $JD

Key Points

• Patriot Financial Group Insurance Agency LLC increased its holdings in JD.com by 66.8%, acquiring 8,771 shares and raising its total to 21,893 shares valued at approximately $715,000.
• Various institutional investors have also boosted their positions in JD.com, with some increasing their stakes by over 180% recently.
• Analysts maintain a Moderate Buy consensus on JD.com, with a mixed outlook on price targets ranging from $28.00 to $53.00.

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 66.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,893 shares of the information services provider's stock after purchasing an additional 8,771 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in JD.com were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of JD. Hhlr Advisors LTD. lifted its holdings in shares of JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider's stock valued at $197,857,000 after purchasing an additional 3,121,700 shares in the last quarter. Voya Investment Management LLC increased its position 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 valued at $213,075,000 after acquiring an additional 2,018,675 shares during the last quarter. Federated Hermes Inc. increased its position in JD.com by 61.9% during the first quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider's stock valued at $179,862,000 after acquiring an additional 1,671,839 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in JD.com by 112.8% during the first quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider's stock valued at $121,010,000 after acquiring an additional 1,559,749 shares during the last quarter. Finally, Dodge & Cox increased its position in JD.com by 8.0% during the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider's stock valued at $742,748,000 after acquiring an additional 1,339,508 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Down 1.6%

NASDAQ JD opened at $35.40 on Friday. The stock's 50-day moving average price is $32.75 and its 200-day moving average price is $33.85. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 52 week low of $29.90 and a 52 week high of $47.82. The company has a market capitalization of $50.71 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 4.00 and a beta of 0.39.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on JD shares. Citigroup started coverage on JD.com in a research report on Monday, August 11th. They set a "buy" rating and a $42.00 price objective for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of JD.com in a research report on Saturday, September 27th. Arete upgraded JD.com from a "sell" rating to a "buy" rating and set a $41.00 price objective for the company in a research report on Friday, September 26th. Morgan Stanley reduced their price objective on JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Finally, Benchmark reduced their price target on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, JD.com has a consensus rating of "Moderate Buy" and an average price target of $42.86.

About JD.com

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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