Avitas Wealth Management LLC Purchases Shares of 8,127 JD.com, Inc. (NASDAQ:JD)

Avitas Wealth Management LLC acquired a new position in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,127 shares of the information services provider’s stock, valued at approximately $282,000.

Several other hedge funds have also recently made changes to their positions in the business. Richardson Financial Services Inc. bought a new position in JD.com in the fourth quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of JD.com in the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC lifted its stake in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC bought a new stake in shares of JD.com during the fourth quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in JD.com in the third quarter worth $49,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Down 3.3 %

JD.com stock opened at $39.81 on Thursday. The firm has a market cap of $62.79 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.30 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82. The stock has a fifty day simple moving average of $37.16 and a two-hundred day simple moving average of $34.49.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JD. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Barclays raised their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

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.