1,121 Shares in JD.com, Inc. $JD Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,121 shares of the information services provider’s stock, valued at approximately $37,000.

Other hedge funds have also recently made changes to their positions in the company. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com during the first quarter valued at about $32,000. Wayfinding Financial LLC acquired a new stake in shares of JD.com during the first quarter valued at about $56,000. Farther Finance Advisors LLC boosted its stake in shares of 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 valued at $66,000 after purchasing an additional 308 shares in the last quarter. Finally, Smithfield Trust Co boosted its stake in shares of JD.com by 3,451.8% during the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider’s stock valued at $82,000 after purchasing an additional 1,933 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on JD. Morgan Stanley cut their price target on JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Citigroup began coverage on JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective for the company. Bank of America lowered their price objective on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, July 14th. Benchmark lowered their price objective 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. Finally, Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, September 26th. Two research 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 stock. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

JD.com Trading Down 1.6%

NASDAQ JD opened at $32.71 on Wednesday. The company has a market cap of $46.86 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 3.75 and a beta of 0.39. JD.com, Inc. has a 52 week low of $29.90 and a 52 week high of $46.44. The business has a 50 day moving average price of $33.05 and a 200-day moving average price of $33.45. 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 Company 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.