DRW Securities LLC Buys 20,649 Shares of JD.com, Inc. (NASDAQ:JD)

DRW Securities LLC lifted its stake in JD.com, Inc. (NASDAQ:JD) by 129.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,546 shares of the information services provider’s stock after purchasing an additional 20,649 shares during the quarter. DRW Securities LLC’s holdings in JD.com were worth $1,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JD. Atlas Capital Advisors LLC bought a new position in shares of JD.com in the second quarter worth about $28,000. Huntington National Bank raised its stake in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares during the period. Allspring Global Investments Holdings LLC raised its stake in JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 1,102 shares during the period. Blue Trust Inc. raised its stake in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 2,360 shares during the period. Finally, Unique Wealth Strategies LLC bought a new stake in JD.com during the 2nd quarter valued at approximately $172,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Susquehanna reissued a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Sanford C. Bernstein decreased their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and decreased their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.36.

JD.com Price Performance

Shares of JD.com stock opened at $34.51 on Tuesday. The stock has a market cap of $54.43 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.29 and a beta of 0.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a 50 day moving average price of $38.40 and a 200-day moving average price of $31.66. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82.

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.