Nkcfo LLC Raises Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Nkcfo LLC boosted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 1,951.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,000 shares of the information services provider’s stock after buying an additional 11,415 shares during the period. Nkcfo LLC’s holdings in JD.com were worth $416,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in JD.com during the 4th quarter valued at $27,000. Brooklyn Investment Group bought a new position in JD.com during the 4th quarter worth about $34,000. Nisa Investment Advisors LLC grew its holdings in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC acquired a new position in JD.com during the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in JD.com in the third quarter worth about $49,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Up 4.5 %

JD opened at $41.38 on Friday. The business has a 50 day simple moving average of $37.71 and a 200-day simple moving average of $35.15. JD.com, Inc. has a 12 month low of $21.18 and a 12 month high of $47.82. The stock has a market capitalization of $65.26 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.30 and a beta of 0.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on JD shares. Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Finally, Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.