Global Retirement Partners LLC Increases Stake in JD.com, Inc. (NASDAQ:JD)

Global Retirement Partners LLC grew its holdings in JD.com, Inc. (NASDAQ:JD) by 48.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,898 shares of the information services provider’s stock after buying an additional 1,917 shares during the period. Global Retirement Partners LLC’s holdings in JD.com were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of JD. Blue Trust Inc. boosted its stake in JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after buying an additional 2,360 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 1,102 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of JD.com by 2.3% in the third quarter. Private Advisor Group LLC now owns 71,116 shares of the information services provider’s stock valued at $2,845,000 after purchasing an additional 1,581 shares during the period. International Assets Investment Management LLC acquired a new stake in JD.com during the third quarter worth about $6,656,000. Finally, PFG Investments LLC purchased a new position in JD.com during the third quarter worth about $226,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JD has been the subject of several analyst reports. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Price Performance

JD.com stock opened at $40.07 on Wednesday. The company’s 50 day moving average is $37.99 and its two-hundred day moving average is $36.01. The firm has a market cap of $63.20 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52-week low of $21.18 and a 52-week high of $47.82.

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.