WASHINGTON TRUST Co Makes New $52,000 Investment in JD.com, Inc. (NASDAQ:JD)

WASHINGTON TRUST Co bought a new stake in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the information services provider’s stock, valued at approximately $52,000.

Several other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of JD.com by 32.3% during the fourth quarter. Blue Trust Inc. now owns 4,179 shares of the information services provider’s stock valued at $145,000 after purchasing an additional 1,021 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of JD.com by 26.0% during the 4th quarter. V Square Quantitative Management LLC now owns 21,809 shares of the information services provider’s stock worth $758,000 after buying an additional 4,506 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its stake in shares of JD.com by 57.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,868 shares of the information services provider’s stock worth $65,000 after buying an additional 678 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of JD.com by 94.5% in the fourth quarter. Vontobel Holding Ltd. now owns 142,819 shares of the information services provider’s stock valued at $4,952,000 after acquiring an additional 69,386 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of JD.com by 20.4% during the fourth quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock valued at $13,646,000 after acquiring an additional 66,693 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and cut their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday. Finally, Citigroup decreased their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Trading Up 4.5 %

NASDAQ:JD opened at $41.38 on Friday. The company has a market cap of $65.26 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.30 and a beta of 0.40. The stock’s fifty day moving average price is $37.71 and its two-hundred day moving average price is $35.15. JD.com, Inc. has a 1 year low of $21.18 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

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.