JD.com, Inc. $JD Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in shares of JD.com, Inc. (NASDAQ:JD) by 48.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,428 shares of the information services provider’s stock after purchasing an additional 2,762 shares during the period. Concurrent Investment Advisors LLC’s holdings in JD.com were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of JD. Exchange Traded Concepts LLC grew its holdings in shares of JD.com by 42.6% in the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock valued at $3,780,000 after purchasing an additional 34,585 shares during the period. Royal Bank of Canada boosted its position in shares of JD.com by 4.5% during the 1st quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock worth $14,241,000 after purchasing an additional 15,000 shares during the period. Range Financial Group LLC increased its stake in JD.com by 38.0% during the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock worth $1,532,000 after purchasing an additional 12,920 shares during the period. Cerity Partners LLC lifted its holdings in JD.com by 33.1% during the 1st quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider’s stock worth $1,092,000 after buying an additional 6,611 shares in the last quarter. Finally, Polunin Capital Partners Ltd boosted its holdings in JD.com by 1.8% in the second quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider’s stock valued at $66,638,000 after purchasing an additional 35,747 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ JD opened at $33.07 on Monday. JD.com, Inc. has a fifty-two week low of $29.90 and a fifty-two week high of $46.44. The stock has a market cap of $47.37 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 3.61 and a beta of 0.39. The business has a fifty day moving average of $33.14 and a 200-day moving average of $33.24. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley lowered their target price on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Benchmark lowered their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Arete raised JD.com from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, September 26th. Bank of America lowered their target price on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, July 14th. Finally, Citigroup assumed coverage on JD.com in a research note on Monday, August 11th. They set a “buy” rating and a $42.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

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.