Commonwealth Equity Services LLC Has $5.07 Million Holdings in JD.com, Inc. (NASDAQ:JD)

Commonwealth Equity Services LLC lessened its stake in shares of JD.com, Inc. (NASDAQ:JD – Get Rating) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,845 shares of the information services provider’s stock after selling 4,628 shares during the period. Commonwealth Equity Services LLC’s holdings in JD.com were worth $5,072,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Guardian Wealth Advisors LLC acquired a new position in shares of JD.com in the 3rd quarter valued at about $26,000. Heritage Wealth Management LLC acquired a new position in shares of JD.com in the 2nd quarter valued at about $38,000. 1832 Asset Management L.P. acquired a new position in shares of JD.com in the 1st quarter valued at about $64,000. Clear Street Markets LLC acquired a new position in shares of JD.com in the 3rd quarter valued at about $63,000. Finally, Sargent Bickham Lagudis LLC increased its holdings in shares of JD.com by 2,504.0% in the 3rd quarter. Sargent Bickham Lagudis LLC now owns 1,302 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 1,252 shares during the period. Institutional investors and hedge funds own 17.71% of the company’s stock.

JD.com Stock Down 2.8 %

Shares of JD.com stock opened at $46.57 on Wednesday. The stock has a market capitalization of $63.07 billion, a P/E ratio of 517.50 and a beta of 0.48. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $56.18 and a two-hundred day moving average price of $53.90. JD.com, Inc. has a 12-month low of $33.17 and a 12-month high of $69.43.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JD. Mizuho upped their target price on JD.com from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, February 7th. Citigroup boosted their price target on JD.com from $60.00 to $96.00 in a research note on Friday, January 6th. Finally, Barclays boosted their price target on JD.com from $59.00 to $72.00 in a research note on Monday, November 21st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.91.

JD.com Profile

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JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.