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Private Advisor Group LLC Raises Stake in JD.com, Inc. (NASDAQ:JD)

JD.com logo with Retail/Wholesale background

Private Advisor Group LLC lifted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 91.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,550 shares of the information services provider's stock after buying an additional 61,269 shares during the quarter. Private Advisor Group LLC's holdings in JD.com were worth $5,286,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in JD. SeaBridge Investment Advisors LLC grew its stake in shares of JD.com by 9.6% during the first quarter. SeaBridge Investment Advisors LLC now owns 15,274 shares of the information services provider's stock worth $628,000 after purchasing an additional 1,335 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of JD.com by 1,747.0% during the first quarter. Victory Capital Management Inc. now owns 448,939 shares of the information services provider's stock worth $18,460,000 after purchasing an additional 424,632 shares during the period. Bridgewater Advisors Inc. purchased a new position in JD.com in the first quarter valued at $261,000. SBI Securities Co. Ltd. boosted its holdings in JD.com by 11.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 8,552 shares of the information services provider's stock valued at $352,000 after purchasing an additional 897 shares during the last quarter. Finally, Sigma Planning Corp acquired a new stake in JD.com during the 1st quarter worth $217,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Down 1.5%

JD opened at $33.40 on Tuesday. The stock's fifty day moving average is $32.98 and its 200-day moving average is $36.52. The company has a market capitalization of $46.65 billion, a PE ratio of 8.13, a P/E/G ratio of 4.44 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82.

Analyst Ratings Changes

JD has been the subject of a number of analyst reports. UBS Group lowered their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Benchmark dropped their price target on JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday. Arete Research upgraded JD.com to a "hold" rating in a research report on Tuesday, June 24th. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Morgan Stanley cut their price target 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. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $44.00.

Read Our Latest Research 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.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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