Wealth Enhancement Advisory Services LLC Acquires 4,513 Shares of JD.com, Inc. $JD

Wealth Enhancement Advisory Services LLC increased its position in JD.com, Inc. (NASDAQ:JD) by 32.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,349 shares of the information services provider’s stock after purchasing an additional 4,513 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in JD.com were worth $588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JD. Brighton Jones LLC acquired a new position in JD.com during the fourth quarter worth $270,000. Merit Financial Group LLC acquired a new stake in JD.com in the first quarter worth about $206,000. RFG Advisory LLC bought a new position in JD.com during the first quarter worth about $361,000. Gateway Investment Advisers LLC boosted its holdings in JD.com by 223.5% during the first quarter. Gateway Investment Advisers LLC now owns 24,923 shares of the information services provider’s stock worth $1,025,000 after buying an additional 17,220 shares during the last quarter. Finally, Lake Hills Wealth Management LLC bought a new position in shares of JD.com during the 1st quarter valued at about $341,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup initiated coverage on JD.com in a report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Bank of America decreased their target price on JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, July 14th. Morgan Stanley reduced their price target on 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 cut their target price on JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.86.

JD.com Price Performance

Shares of JD opened at $35.40 on Friday. The stock has a market cap of $50.71 billion, a PE ratio of 9.94, a PEG ratio of 4.00 and a beta of 0.39. The business has a 50-day simple moving average of $32.75 and a two-hundred day simple moving average of $33.85. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 12-month low of $29.90 and a 12-month high of $47.82.

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.