Yousif Capital Management LLC Buys 985 Shares of JD.com, Inc. $JD

Yousif Capital Management LLC grew its stake in shares of JD.com, Inc. (NASDAQ:JD) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,310 shares of the information services provider’s stock after acquiring an additional 985 shares during the quarter. Yousif Capital Management LLC’s holdings in JD.com were worth $728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of JD.com by 8.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,605 shares of the information services provider’s stock valued at $216,000 after acquiring an additional 540 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of JD.com by 32.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 28,360 shares of the information services provider’s stock valued at $926,000 after acquiring an additional 6,976 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of JD.com by 48.7% during the second quarter. Concurrent Investment Advisors LLC now owns 8,428 shares of the information services provider’s stock valued at $275,000 after acquiring an additional 2,762 shares in the last quarter. Aberdeen Group plc increased its holdings in shares of JD.com by 36.3% during the second quarter. Aberdeen Group plc now owns 30,722 shares of the information services provider’s stock valued at $1,003,000 after acquiring an additional 8,180 shares in the last quarter. Finally, PDS Planning Inc boosted its position in shares of JD.com by 6.8% during the second quarter. PDS Planning Inc now owns 8,256 shares of the information services provider’s stock valued at $269,000 after buying an additional 524 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on JD. Arete Research set a $41.00 price objective on JD.com in a research report on Friday, September 26th. Mizuho set a $41.00 price objective on JD.com in a research report on Wednesday. Morgan Stanley dropped their price objective on JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Bank of America dropped their price objective on JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, July 14th. Finally, UBS Group dropped their price objective on JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $41.92.

JD.com Trading Down 1.1%

Shares of NASDAQ:JD opened at $32.46 on Thursday. The stock has a market capitalization of $46.50 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 3.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The stock’s 50-day simple moving average is $33.20 and its two-hundred day simple moving average is $33.21. JD.com, Inc. has a 52-week low of $29.90 and a 52-week high of $46.44.

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.