Gradient Investments LLC Has $486,000 Stake in JD.com, Inc. (NASDAQ:JD)

Gradient Investments LLC lessened its position in JD.com, Inc. (NASDAQ:JD) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,014 shares of the information services provider’s stock after selling 4,235 shares during the period. Gradient Investments LLC’s holdings in JD.com were worth $486,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JD. Polunin Capital Partners Ltd lifted its holdings in JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after buying an additional 447,264 shares during the period. Seven Grand Managers LLC bought a new position in shares of JD.com during the third quarter worth about $16,800,000. Citigroup Inc. lifted its stake in shares of JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after acquiring an additional 36,096 shares during the period. SG Americas Securities LLC boosted its holdings in JD.com by 55.8% in the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after acquiring an additional 33,771 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. increased its position in JD.com by 5.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after purchasing an additional 200,200 shares during the period. 15.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JD. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Citigroup lowered their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Finally, Barclays lifted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, JD.com has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Up 5.2 %

JD.com stock opened at $40.72 on Friday. The firm has a market capitalization of $64.22 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.29 and a beta of 0.39. The firm’s fifty day moving average price is $36.35 and its two-hundred day moving average price is $33.72. JD.com, Inc. has a 1-year low of $21.18 and a 1-year high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

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.