Sequoia Financial Advisors LLC Increases Position in JD.com, Inc. $JD

Sequoia Financial Advisors LLC boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 31.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,152 shares of the information services provider’s stock after acquiring an additional 3,129 shares during the period. Sequoia Financial Advisors LLC’s holdings in JD.com were worth $429,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock valued at $66,000 after buying an additional 308 shares during the period. Guinness Asset Management LTD grew its stake in shares of JD.com by 13.5% in the 1st quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider’s stock valued at $151,000 after buying an additional 439 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of JD.com by 7.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider’s stock valued at $271,000 after buying an additional 474 shares during the period. Harbour Investments Inc. grew its stake in shares of JD.com by 22.2% in the 1st quarter. Harbour Investments Inc. now owns 2,720 shares of the information services provider’s stock valued at $112,000 after buying an additional 494 shares during the period. Finally, Pekin Hardy Strauss Inc. grew its stake in shares of JD.com by 3.5% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 14,650 shares of the information services provider’s stock valued at $602,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of JD.com in a research note on Wednesday, October 8th. Arete Research set a $41.00 price target on shares of JD.com in a research note on Friday, September 26th. Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Benchmark decreased their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Finally, UBS Group decreased their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.46.

JD.com Stock Performance

Shares of JD stock opened at $33.76 on Tuesday. The firm has a market cap of $48.36 billion, a P/E ratio of 9.48, a P/E/G ratio of 3.61 and a beta of 0.39. JD.com, Inc. has a one year low of $29.90 and a one year high of $46.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. The firm’s 50 day moving average price is $33.19 and its 200-day moving average price is $33.21.

JD.com Company 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.