ProShare Advisors LLC Has $1.80 Million Stock Position in JD.com, Inc. $JD

ProShare Advisors LLC grew its stake in shares of JD.com, Inc. (NASDAQ:JD) by 12.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,003 shares of the information services provider’s stock after buying an additional 6,258 shares during the quarter. ProShare Advisors LLC’s holdings in JD.com were worth $1,795,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Midwest Trust Co bought a new stake in JD.com during the 2nd quarter worth $226,000. Monaco Asset Management SAM boosted its stake in shares of JD.com by 214.3% during the second quarter. Monaco Asset Management SAM now owns 110,000 shares of the information services provider’s stock valued at $3,590,000 after purchasing an additional 75,000 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of JD.com by 38.7% during the second quarter. Campbell & CO Investment Adviser LLC now owns 49,311 shares of the information services provider’s stock worth $1,610,000 after purchasing an additional 13,770 shares during the last quarter. RD Finance Ltd increased its stake in shares of JD.com by 214.2% in the second quarter. RD Finance Ltd now owns 81,500 shares of the information services provider’s stock valued at $2,660,000 after buying an additional 55,560 shares during the period. Finally, Milestone Asset Management LLC bought a new position in JD.com in the 2nd quarter valued at approximately $780,000. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JD shares. Sanford C. Bernstein reissued an “outperform” rating and set a $38.00 target price on shares of JD.com in a report on Friday. Mizuho set a $41.00 price objective on shares of JD.com in a research note on Wednesday, October 22nd. Morgan Stanley lowered JD.com from an “equal weight” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Monday, November 10th. Benchmark cut their target price on JD.com from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday. Finally, Arete Research set a $41.00 price target on JD.com in a research note on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.69.

JD.com Price Performance

Shares of JD opened at $29.31 on Friday. The firm has a market cap of $41.99 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 2.96 and a beta of 0.41. JD.com, Inc. has a 52-week low of $29.01 and a 52-week high of $46.44. The business’s 50 day moving average price is $33.56 and its two-hundred day moving average price is $32.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22.

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.