Legacy Wealth Asset Management LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 18,461 shares of the information services provider’s stock, valued at approximately $1,623,000. JD.com comprises about 0.8% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 15th largest position.
Other large investors also recently bought and sold shares of the company. Albion Financial Group UT acquired a new position in JD.com in the 4th quarter valued at about $33,000. First Horizon Advisors Inc. raised its holdings in shares of JD.com by 103.6% in the 4th quarter. First Horizon Advisors Inc. now owns 454 shares of the information services provider’s stock valued at $40,000 after buying an additional 231 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in shares of JD.com during the fourth quarter worth about $42,000. Huntington National Bank lifted its holdings in JD.com by 33.0% during the 4th quarter. Huntington National Bank now owns 504 shares of the information services provider’s stock worth $44,000 after buying an additional 125 shares in the last quarter. Finally, Merrion Investment Management Co LLC purchased a new stake in shares of JD.com during the fourth quarter worth approximately $44,000. 40.27% of the stock is owned by hedge funds and other institutional investors.
JD stock traded down $1.62 during trading hours on Wednesday, hitting $81.89. 102,077 shares of the stock traded hands, compared to its average volume of 11,476,791. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $89.90 and a 200 day simple moving average of $86.82. JD.com, Inc. has a one year low of $40.58 and a one year high of $108.29. The company has a market cap of $109.69 billion, a P/E ratio of 31.87, a P/E/G ratio of 0.94 and a beta of 0.92.
Several equities research analysts have recently weighed in on JD shares. Loop Capital raised their target price on JD.com from $99.00 to $105.00 in a research report on Wednesday, December 9th. Deutsche Bank Aktiengesellschaft started coverage on JD.com in a research note on Monday, January 25th. They set a “buy” rating and a $114.00 price target for the company. Mizuho upped their price objective on shares of JD.com from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, January 8th. HSBC lifted their target price on shares of JD.com from $103.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, March 18th. Finally, Sanford C. Bernstein began coverage on JD.com in a report on Monday, January 25th. They issued an “outperform” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $98.30.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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