Toth Financial Advisory Corp Takes Position in JD.com, Inc. (NASDAQ:JD)

Toth Financial Advisory Corp purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,200 shares of the information services provider's stock, valued at approximately $378,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JD. FMR LLC lifted its holdings in shares of 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 acquiring an additional 13,170,649 shares in the last quarter. CoreView Capital Management Ltd raised its position in JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after purchasing an additional 4,299,872 shares during the period. Appaloosa LP lifted its stake in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock worth $362,852,000 after purchasing an additional 3,165,885 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of JD.com in the fourth quarter worth about $109,665,000. Finally, Aspex Management HK Ltd acquired a new stake in shares of JD.com in the fourth quarter valued at about $93,562,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley set a $39.00 price objective on JD.com in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. UBS Group set a $51.00 target price on JD.com in a report on Friday, March 7th. Barclays increased their price target on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.33.

JD.com Trading Down 0.4%

Shares of JD.com stock traded down $0.15 on Tuesday, reaching $33.79. 6,023,851 shares of the company were exchanged, compared to its average volume of 13,981,816. The stock has a fifty day moving average price of $34.17 and a 200-day moving average price of $37.35. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $53.29 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 0.31 and a beta of 0.48. JD.com, Inc. has a fifty-two week low of $24.13 and a fifty-two week high of $47.82.

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.