Vise Technologies Inc. Makes New Investment in JD.com, Inc. $JD

Vise Technologies Inc. acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,124 shares of the information services provider’s stock, valued at approximately $1,603,000.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in JD.com during the 4th quarter valued at about $270,000. Alps Advisors Inc. grew its position in shares of JD.com by 25.6% in the 1st quarter. Alps Advisors Inc. now owns 13,104 shares of the information services provider’s stock worth $539,000 after buying an additional 2,668 shares during the last quarter. Cerity Partners LLC increased its stake in shares of JD.com by 33.1% during the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider’s stock valued at $1,092,000 after buying an additional 6,611 shares during the period. Ballentine Partners LLC raised its holdings in shares of JD.com by 18.7% during the first quarter. Ballentine Partners LLC now owns 13,591 shares of the information services provider’s stock valued at $559,000 after acquiring an additional 2,138 shares in the last quarter. Finally, Sigma Planning Corp purchased a new stake in JD.com in the first quarter worth $217,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Up 0.6%

NASDAQ:JD opened at $31.61 on Wednesday. The firm has a market capitalization of $45.28 billion, a P/E ratio of 8.88, a PEG ratio of 3.19 and a beta of 0.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com, Inc. has a one year low of $29.90 and a one year high of $46.44. The company’s 50-day simple moving average is $33.60 and its 200 day simple moving average is $32.99.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JD. Citigroup began coverage on shares of JD.com in a research report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective on the stock. Arete upgraded shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of JD.com in a report on Wednesday, October 8th. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Benchmark reduced their target price on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average target price of $41.92.

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.