American Century Companies Inc. Acquires 1,026 Shares of JD.com, Inc. $JD

American Century Companies Inc. boosted its holdings in JD.com, Inc. (NASDAQ:JD) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,194 shares of the information services provider’s stock after acquiring an additional 1,026 shares during the quarter. American Century Companies Inc.’s holdings in JD.com were worth $3,380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JD. Hexagon Capital Partners LLC bought a new position in shares of JD.com in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in JD.com in the 1st quarter valued at $32,000. Wayfinding Financial LLC bought a new position in JD.com during the 1st quarter valued at $56,000. Farther Finance Advisors LLC boosted its holdings in JD.com by 23.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock worth $66,000 after acquiring an additional 308 shares during the last quarter. Finally, Smithfield Trust Co grew its stake in shares of JD.com by 3,451.8% in the 1st quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider’s stock worth $82,000 after acquiring an additional 1,933 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

JD.com Trading Up 2.2%

NASDAQ:JD opened at $31.07 on Friday. JD.com, Inc. has a 12 month low of $25.61 and a 12 month high of $47.82. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $32.05 and its 200 day moving average is $35.21. The stock has a market capitalization of $43.39 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 3.53 and a beta of 0.46.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JD shares. JPMorgan Chase & Co. cut their price target on shares of JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, May 27th. Wall Street Zen downgraded JD.com from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Mizuho reduced their target price on JD.com from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, May 14th. UBS Group dropped their price target on JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Finally, Citigroup assumed coverage on JD.com in a research note on Monday, August 11th. They issued a “buy” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average price target of $43.31.

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.