Tabor Asset Management LP acquired a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 24,488 shares of the information services provider's stock, valued at approximately $1,007,000.
Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of 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 in the last quarter. Farther Finance Advisors LLC increased its stake in JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after buying an additional 308 shares during the period. Lakeshore Capital Group Inc. boosted its holdings in JD.com by 2.4% in the first quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after purchasing an additional 322 shares during the period. Compagnie Lombard Odier SCmA lifted its holdings in shares of JD.com by 21.4% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock valued at $93,000 after purchasing an additional 400 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of JD.com by 7.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider's stock worth $271,000 after acquiring an additional 474 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
JD.com Trading Down 1.3%
Shares of JD.com stock traded down $0.45 on Monday, hitting $33.47. 1,992,541 shares of the company's stock traded hands, compared to its average volume of 13,993,656. The stock has a market capitalization of $46.74 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 4.44 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The firm's 50-day moving average price is $32.98 and its two-hundred day moving average price is $36.52. JD.com, Inc. has a one year low of $24.13 and a one year high of $47.82.
Analysts Set New Price Targets
A number of analysts have recently issued reports on JD shares. Arete Research raised JD.com to a "hold" rating in a research report on Tuesday, June 24th. Morgan Stanley decreased their target price on JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. UBS Group reduced 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. Wall Street Zen downgraded JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Susquehanna cut their price objective on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.46.
Read Our Latest 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.
Featured Articles
Want to see what other hedge funds are holding JD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JD.com, Inc. (NASDAQ:JD - Free Report).
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.
Before you consider JD.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JD.com wasn't on the list.
While JD.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
