Cambridge Investment Research Advisors Inc. Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Cambridge Investment Research Advisors Inc. purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,030 shares of the information services provider’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. Channing Global Advisors LLC increased its holdings in shares of JD.com by 27.3% in the first quarter. Channing Global Advisors LLC now owns 17,083 shares of the information services provider’s stock valued at $702,000 after purchasing an additional 3,668 shares in the last quarter. TT International Asset Management LTD increased its holdings in shares of JD.com by 112.1% in the first quarter. TT International Asset Management LTD now owns 330,714 shares of the information services provider’s stock valued at $13,599,000 after purchasing an additional 174,801 shares in the last quarter. Deltec Asset Management LLC acquired a new stake in shares of JD.com in the first quarter valued at approximately $206,000. Blue Trust Inc. grew its holdings in JD.com by 14.3% during the 1st quarter. Blue Trust Inc. now owns 4,777 shares of the information services provider’s stock worth $196,000 after acquiring an additional 598 shares during the period. Finally, Matthews International Capital Management LLC grew its holdings in JD.com by 974.5% during the 1st quarter. Matthews International Capital Management LLC now owns 113,931 shares of the information services provider’s stock worth $4,685,000 after acquiring an additional 103,328 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

JD.com stock opened at $31.10 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The firm has a 50-day moving average of $33.15 and a 200-day moving average of $36.60. The firm has a market cap of $43.44 billion, a P/E ratio of 7.57, a P/E/G ratio of 1.12 and a beta of 0.48.

Wall Street Analyst Weigh In

A number of research firms have commented on JD. UBS Group lowered their target price on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley reduced their price target on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wall Street Zen cut shares of JD.com from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Bank of America reduced their price target on shares of JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, Mizuho reduced their price target on shares of JD.com from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.31.

About JD.com

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.