Allspring Global Investments Holdings LLC Raises Stock Holdings in JD.com, Inc. $JD

Allspring Global Investments Holdings LLC increased its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 8.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,605 shares of the information services provider’s stock after buying an additional 540 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in JD.com were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC purchased a new position in shares of JD.com in the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of JD.com in the 1st quarter worth about $32,000. Ameritas Advisory Services LLC purchased a new position in shares of JD.com in the 2nd quarter worth about $37,000. Wayfinding Financial LLC purchased a new position in shares of JD.com in the 1st quarter worth about $56,000. Finally, Smithfield Trust Co raised its holdings 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 purchasing an additional 1,933 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JD shares. Bank of America lowered their target price on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, July 14th. UBS Group lowered their price objective on JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. 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 note on Friday, September 26th. 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 note on Monday, July 21st. Finally, Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $41.92.

JD.com Stock Performance

Shares of NASDAQ JD opened at $33.19 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $47.55 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 3.37 and a beta of 0.39. The stock’s fifty day simple moving average is $33.26 and its 200 day simple moving average is $33.20. 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.