ABN Amro Investment Solutions Makes New $1.15 Million Investment in JD.com, Inc. $JD

ABN Amro Investment Solutions purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 35,147 shares of the information services provider’s stock, valued at approximately $1,147,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC purchased a new position in JD.com during the fourth quarter valued at $270,000. Cerity Partners LLC raised its stake in shares of JD.com by 33.1% in the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider’s stock worth $1,092,000 after buying an additional 6,611 shares during the period. Sigma Planning Corp bought a new position in shares of JD.com in the first quarter worth about $217,000. Victory Capital Management Inc. lifted its position in shares of JD.com by 1,747.0% during the 1st quarter. Victory Capital Management Inc. now owns 448,939 shares of the information services provider’s stock valued at $18,460,000 after buying an additional 424,632 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of JD.com by 91.1% during the 1st quarter. Private Advisor Group LLC now owns 128,550 shares of the information services provider’s stock valued at $5,286,000 after acquiring an additional 61,269 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $38.00 target price on shares of JD.com in a research note on Friday. Arete Research set a $41.00 price objective on shares of JD.com in a research note on Friday, September 26th. Benchmark lowered their target price on shares of JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday. Mizuho set a $41.00 target price on shares of JD.com in a report on Wednesday, October 22nd. Finally, Arete raised JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus price target of $40.69.

JD.com Stock Performance

NASDAQ JD opened at $29.31 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a twelve month low of $29.01 and a twelve month high of $46.44. The stock has a 50-day moving average of $33.56 and a 200 day moving average of $32.94. The stock has a market capitalization of $41.99 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 3.10 and a beta of 0.41.

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.