Erste Asset Management GmbH Purchases Shares of 30,000 JD.com, Inc. (NASDAQ:JD)

Erste Asset Management GmbH acquired a new position in JD.com, Inc. (NASDAQ:JD) during the third quarter, HoldingsChannel reports. The firm acquired 30,000 shares of the information services provider’s stock, valued at approximately $1,197,000.

Several other hedge funds and other institutional investors have also modified their holdings of JD. Atlas Capital Advisors LLC acquired a new stake in JD.com during the 2nd quarter worth approximately $28,000. Huntington National Bank grew its stake in JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the period. Transamerica Financial Advisors Inc. acquired a new stake in shares of JD.com in the third quarter worth $103,000. Allspring Global Investments Holdings LLC raised its stake in shares of JD.com by 58.4% in 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 period. Finally, Blue Trust Inc. lifted its holdings in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of JD stock opened at $37.10 on Wednesday. The firm has a market cap of $58.51 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.31 and a beta of 0.38. The firm has a fifty day moving average of $39.34 and a two-hundred day moving average of $31.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82.

Analyst Ratings Changes

Several analysts recently issued reports on JD shares. Citigroup lowered their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein lowered their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.