Prelude Capital Management LLC Has $2.35 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Prelude Capital Management LLC increased its stake in shares of JD.com, Inc. (NASDAQ:JDGet Rating) by 285.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,522 shares of the information services provider’s stock after buying an additional 30,003 shares during the period. Prelude Capital Management LLC’s holdings in JD.com were worth $2,345,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Tcwp LLC acquired a new position in JD.com during the 1st quarter worth approximately $33,000. Samalin Investment Counsel LLC boosted its position in JD.com by 103.0% during the 4th quarter. Samalin Investment Counsel LLC now owns 670 shares of the information services provider’s stock worth $47,000 after acquiring an additional 340 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in JD.com during the 1st quarter worth approximately $81,000. GW&K Investment Management LLC acquired a new position in JD.com during the 4th quarter worth approximately $88,000. Finally, Lindbrook Capital LLC boosted its position in JD.com by 19.6% during the 1st quarter. Lindbrook Capital LLC now owns 2,713 shares of the information services provider’s stock worth $157,000 after acquiring an additional 444 shares during the last quarter. 25.45% of the stock is owned by institutional investors.

JD.com Stock Up 0.8 %

JD stock opened at $60.41 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.27 and a quick ratio of 0.97. The stock has a market capitalization of $81.42 billion, a price-to-earnings ratio of -87.55 and a beta of 0.34. The business’s fifty day moving average price is $60.58 and its two-hundred day moving average price is $59.50. JD.com, Inc. has a fifty-two week low of $41.56 and a fifty-two week high of $92.69.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JD shares. Citigroup reduced their price target on JD.com from $93.00 to $91.00 in a research report on Wednesday, August 24th. Susquehanna Bancshares cut their price objective on JD.com from $66.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Susquehanna cut their price objective on JD.com from $66.00 to $55.00 in a report on Thursday, May 19th. JPMorgan Chase & Co. raised JD.com from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $58.00 in a report on Monday, May 16th. Finally, The Goldman Sachs Group cut their price objective on JD.com from $98.00 to $89.00 and set a “buy” rating for the company in a report on Monday, July 11th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.64.

JD.com Profile

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JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

See Also

Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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