Range Financial Group LLC Acquires 10,225 Shares of JD.com, Inc. (NASDAQ:JD)

Range Financial Group LLC boosted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 43.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,003 shares of the information services provider's stock after acquiring an additional 10,225 shares during the quarter. Range Financial Group LLC's holdings in JD.com were worth $1,398,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Rhumbline Advisers lifted its position in shares of JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock worth $561,000 after buying an additional 265 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of JD.com by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock worth $223,000 after buying an additional 304 shares in the last quarter. Lakeshore Capital Group Inc. lifted its position in shares of 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 worth $556,000 after buying an additional 322 shares in the last quarter. Quintet Private Bank Europe S.A. lifted its position in shares of 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 worth $271,000 after buying an additional 334 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of 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 worth $353,000 after buying an additional 436 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Morgan Stanley set a $39.00 price objective on JD.com in a research note on Tuesday, May 13th. Wall Street Zen downgraded JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Mizuho dropped their price objective on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 14th. Finally, Citigroup reiterated a "buy" rating and issued a $51.00 price objective (down previously from $56.00) on shares of JD.com in a research note on Monday, April 28th. Three investment 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.33.

JD.com Trading Up 0.1%

Shares of JD stock opened at $33.12 on Monday. The company's fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $37.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The stock has a market capitalization of $52.23 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.31 and a beta of 0.48.

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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