Victory Capital Management Inc. Raises Stake in JD.com, Inc. (NASDAQ:JD)

Victory Capital Management Inc. raised its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 1,747.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 448,939 shares of the information services provider's stock after purchasing an additional 424,632 shares during the period. Victory Capital Management Inc.'s holdings in JD.com were worth $18,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hexagon Capital Partners LLC acquired a new position in shares of JD.com in the first quarter valued at about $25,000. GeoWealth Management LLC grew its stake in shares of JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock valued at $48,000 after acquiring an additional 785 shares in the last quarter. Allianz SE acquired a new position in shares of JD.com in the fourth quarter valued at about $52,000. Wayfinding Financial LLC acquired a new position in shares of JD.com in the first quarter valued at about $56,000. Finally, Farther Finance Advisors LLC grew its stake in shares of JD.com by 23.7% in the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after acquiring an additional 308 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

JD.com stock traded down $0.29 during midday trading on Friday, reaching $33.18. The stock had a trading volume of 4,886,047 shares, compared to its average volume of 9,475,467. The firm's 50-day moving average price is $32.80 and its 200 day moving average price is $36.46. JD.com, Inc. has a 12 month low of $24.13 and a 12 month high of $47.82. The firm has a market capitalization of $46.34 billion, a PE ratio of 8.07, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on JD shares. Susquehanna dropped their target price on shares of JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Arete Research upgraded shares of JD.com to a "hold" rating in a report on Tuesday, June 24th. Macquarie reiterated a "neutral" rating and issued a $35.00 price objective on shares of JD.com in a report on Wednesday, April 23rd. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Arete lowered shares of JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a report on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, JD.com currently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

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.