Transamerica Financial Advisors Inc. Takes $103,000 Position in JD.com, Inc. (NASDAQ:JD)

Transamerica Financial Advisors Inc. bought a new stake in JD.com, Inc. (NASDAQ:JD) during the third quarter, HoldingsChannel.com reports. The fund bought 2,554 shares of the information services provider’s stock, valued at approximately $103,000.

Other hedge funds have also made changes to their positions in the company. Huntington National Bank increased its position in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares during the last quarter. SRN Advisors LLC boosted its stake in JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after purchasing an additional 516 shares during the period. Panagora Asset Management Inc. raised its position in shares of JD.com by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after buying an additional 719 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of JD.com by 4.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after buying an additional 797 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC raised its position in shares of JD.com by 4.0% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on JD shares. Barclays boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Sanford C. Bernstein dropped their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, JD.com has an average rating of “Moderate Buy” and an average price target of $40.36.

JD.com Stock Up 5.3 %

JD stock opened at $37.19 on Thursday. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82. The company’s 50 day simple moving average is $38.77 and its 200-day simple moving average is $31.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a market capitalization of $58.65 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.28 and a beta of 0.41.

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.