RFG Advisory LLC Purchases Shares of 8,779 JD.com, Inc. (NASDAQ:JD)

RFG Advisory LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,779 shares of the information services provider's stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Merit Financial Group LLC purchased a new stake in shares of JD.com during the 1st quarter worth $206,000. Aurora Investment Managers LLC. lifted its position in shares of JD.com by 0.3% in the first quarter. Aurora Investment Managers LLC. now owns 217,014 shares of the information services provider's stock valued at $8,924,000 after acquiring an additional 576 shares in the last quarter. J2 Capital Management Inc purchased a new stake in JD.com during the 1st quarter worth about $431,000. Parallel Advisors LLC raised its stake in JD.com by 5.9% in 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 last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of JD.com during the first quarter worth about $1,443,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JD shares. Bank of America reduced their target price on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Mizuho dropped their price objective on shares of JD.com from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their target price on JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Citigroup reissued a "buy" rating and set a $51.00 target price (down from $56.00) on shares of JD.com in a research report on Monday, April 28th. Finally, Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.33.

JD.com Stock Up 0.1%

Shares of NASDAQ JD opened at $33.12 on Friday. The firm's 50-day moving average is $34.32 and its 200-day moving average is $37.34. JD.com, Inc. has a 1 year low of $24.13 and a 1 year high of $47.82. The firm has a market capitalization of $52.23 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.48. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

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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