Harvest Fund Management Co. Ltd Acquires Shares of 8,015 JD.com, Inc. (NASDAQ:JD)

Harvest Fund Management Co. Ltd bought a new position in shares of JD.com, Inc. (NASDAQ:JD) during the third quarter, according to its most recent filing with the SEC. The fund bought 8,015 shares of the information services provider’s stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position in JD.com by 24.0% in the first quarter. Advisors Asset Management Inc. now owns 10,433 shares of the information services provider’s stock worth $286,000 after buying an additional 2,022 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of JD.com in the first quarter valued at approximately $849,000. Wahed Invest LLC boosted its holdings in JD.com by 34.0% in the 1st quarter. Wahed Invest LLC now owns 44,096 shares of the information services provider’s stock worth $1,208,000 after buying an additional 11,178 shares during the period. Cetera Advisors LLC purchased a new position in JD.com in the 1st quarter valued at approximately $280,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in JD.com by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after acquiring an additional 63,800 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Up 2.4 %

Shares of JD opened at $35.33 on Wednesday. The firm has a market cap of $55.72 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.29 and a beta of 0.41. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The stock has a 50 day simple moving average of $38.57 and a two-hundred day simple moving average of $31.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Analysts Set New Price Targets

A number of analysts recently issued reports on JD shares. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Barclays upped their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.36.

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.