World Investment Advisors LLC Makes New Investment in JD.com, Inc. (NASDAQ:JD)

World Investment Advisors LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 79,243 shares of the information services provider’s stock, valued at approximately $3,170,000.

A number of other hedge funds have also recently made changes to their positions in JD. Virtu Financial LLC boosted its position in shares of JD.com by 86.5% during the third quarter. Virtu Financial LLC now owns 69,146 shares of the information services provider’s stock worth $2,766,000 after acquiring an additional 32,079 shares during the last quarter. Toronto Dominion Bank grew its position in shares of JD.com by 62.7% during the third quarter. Toronto Dominion Bank now owns 10,000 shares of the information services provider’s stock valued at $400,000 after purchasing an additional 3,854 shares in the last quarter. TT International Asset Management LTD bought a new stake in shares of JD.com in the third quarter worth about $15,701,000. Synergy Financial Group LTD purchased a new stake in shares of JD.com in the third quarter worth about $299,000. Finally, Geller Advisors LLC purchased a new stake in shares of JD.com in the third quarter worth about $560,000. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Barclays boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Susquehanna restated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Finally, StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Trading Down 2.2 %

Shares of NASDAQ JD opened at $37.29 on Friday. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market cap of $58.81 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.31 and a beta of 0.38. The business’s 50 day moving average price is $38.81 and its 200-day moving average price is $32.13.

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.