BridgePort Financial Solutions LLC Takes Position in JD.com, Inc. $JD

BridgePort Financial Solutions LLC purchased a new stake in JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,142 shares of the information services provider’s stock, valued at approximately $396,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox grew its position in JD.com by 8.0% in the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock worth $742,748,000 after acquiring an additional 1,339,508 shares in the last quarter. Invesco Ltd. lifted its stake in shares of JD.com by 2.0% in the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider’s stock valued at $633,986,000 after purchasing an additional 295,900 shares during the last quarter. Voya Investment Management LLC boosted its holdings in JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock worth $213,075,000 after purchasing an additional 2,018,675 shares in the last quarter. Hhlr Advisors LTD. increased its position in JD.com by 184.7% during the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock worth $197,857,000 after buying an additional 3,121,700 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in JD.com by 19.8% during the first quarter. Alkeon Capital Management LLC now owns 4,523,802 shares of the information services provider’s stock valued at $186,019,000 after buying an additional 746,530 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

JD has been the subject of several recent analyst reports. Citigroup began coverage on JD.com in a research note on Monday, August 11th. They set a “buy” rating and a $42.00 price target for the company. Morgan Stanley decreased their target price on JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Arete Research set a $41.00 price target on JD.com in a report on Friday, September 26th. Benchmark reduced their price objective on shares of 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of JD.com in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and an average target price of $42.86.

JD.com Price Performance

Shares of JD.com stock opened at $35.40 on Friday. The firm has a fifty day moving average price of $32.75 and a two-hundred day moving average price of $33.85. JD.com, Inc. has a fifty-two week low of $29.90 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The company has a market cap of $50.71 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 4.00 and a beta of 0.39.

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.