Teachers Retirement System of The State of Kentucky Acquires 178,600 Shares of JD.com, Inc. (NASDAQ:JD)

Teachers Retirement System of The State of Kentucky raised its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 45.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 574,100 shares of the information services provider's stock after acquiring an additional 178,600 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in JD.com were worth $23,608,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JD. Brighton Jones LLC bought a new position in shares of JD.com in the fourth quarter valued at $270,000. Raymond James Financial Inc. bought a new position in shares of JD.com in the fourth quarter valued at $2,363,000. Farther Finance Advisors LLC grew its stake in shares of JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock valued at $45,000 after buying an additional 684 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of JD.com in the fourth quarter valued at $268,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of JD.com by 38.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 68,736 shares of the information services provider's stock valued at $2,383,000 after buying an additional 19,025 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Stock Up 3.8%

Shares of NASDAQ JD opened at $33.92 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The company has a market cap of $47.37 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 4.44 and a beta of 0.48. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The stock has a 50-day moving average price of $32.98 and a two-hundred day moving average price of $36.51.

Analyst Ratings Changes

A number of equities analysts have commented on JD shares. Benchmark reduced their price objective on shares of JD.com from $58.00 to $53.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. UBS Group reduced their price objective on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Macquarie reaffirmed a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research report on Wednesday, April 23rd. Bank of America reduced their price objective on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Finally, Arete cut shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Tuesday, June 24th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $44.46.

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.

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.