World Investment Advisors LLC Takes Position in JD.com, Inc. (NASDAQ:JD)

World Investment Advisors LLC acquired a new position in JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 79,243 shares of the information services provider’s stock, valued at approximately $3,170,000.

Other institutional investors also recently bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in shares of JD.com in the 2nd quarter valued at about $28,000. Huntington National Bank raised its stake in JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in JD.com during the third quarter worth $103,000. Allspring Global Investments Holdings LLC lifted its holdings in JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after buying an additional 1,102 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of JD opened at $37.29 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The company’s fifty day moving average price is $38.81 and its 200-day moving average price is $32.13. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The firm has a market capitalization of $58.81 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 0.31 and a beta of 0.38.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and decreased their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

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.