Cerity Partners LLC Purchases 6,611 Shares of JD.com, Inc. (NASDAQ:JD)

Cerity Partners LLC raised its position in shares of JD.com, Inc. (NASDAQ:JD) by 33.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,565 shares of the information services provider’s stock after buying an additional 6,611 shares during the period. Cerity Partners LLC’s holdings in JD.com were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in JD. Parallel Advisors LLC grew its holdings in JD.com by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider’s stock worth $223,000 after acquiring an additional 304 shares during the period. Farther Finance Advisors LLC grew its stake in JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock worth $66,000 after purchasing an additional 308 shares during the period. Lakeshore Capital Group Inc. increased its holdings in JD.com by 2.4% in the first quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider’s stock worth $556,000 after purchasing an additional 322 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its stake in JD.com by 21.4% in the first quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider’s stock valued at $93,000 after buying an additional 400 shares during the period. Finally, Rehmann Capital Advisory Group lifted its stake in JD.com by 7.7% in the first quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider’s stock valued at $271,000 after buying an additional 474 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

Shares of JD.com stock opened at $33.88 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The firm has a market cap of $47.32 billion, a PE ratio of 8.24, a P/E/G ratio of 4.37 and a beta of 0.48. The business has a 50-day moving average price of $32.98 and a 200 day moving average price of $36.52. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JD shares. Citigroup reissued a “buy” rating and issued a $51.00 price objective (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Arete Research raised JD.com to a “hold” rating in a research report on Tuesday, June 24th. Wall Street Zen cut JD.com from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Morgan Stanley reduced their target price on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Finally, Benchmark lowered their target price on shares of JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a report on Monday. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, JD.com presently has an average rating of “Moderate Buy” and an average target price of $44.00.

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.