Spire Wealth Management Raises Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Spire Wealth Management grew its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 706.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,985 shares of the information services provider's stock after buying an additional 7,871 shares during the quarter. Spire Wealth Management's holdings in JD.com were worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its holdings in JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after buying an additional 13,170,649 shares in the last quarter. Appaloosa LP grew its holdings in JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after buying an additional 3,165,885 shares in the last quarter. CoreView Capital Management Ltd grew its holdings in JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after buying an additional 4,299,872 shares in the last quarter. Temasek Holdings Private Ltd grew its holdings in JD.com by 18.4% during the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock valued at $160,366,000 after buying an additional 718,760 shares in the last quarter. Finally, Voya Investment Management LLC bought a new stake in shares of JD.com in the 4th quarter valued at approximately $109,665,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JD. JPMorgan Chase & Co. lowered their price objective 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. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Arete Research raised JD.com to a "hold" rating in a research note on Tuesday, June 24th. Bank of America lowered their price objective on JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Morgan Stanley set a $39.00 price objective on JD.com in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, JD.com has an average rating of "Moderate Buy" and a consensus price target of $46.23.

JD.com Price Performance

Shares of JD stock opened at $33.07 on Monday. JD.com, Inc. has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26. The firm has a market capitalization of $52.16 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.08 and a beta of 0.48. The stock has a 50 day moving average price of $33.38 and a 200 day moving average price of $36.91.

JD.com Company 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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