FLC Capital Advisors Invests $202,000 in JD.com, Inc. (NASDAQ:JD)

FLC Capital Advisors purchased a new stake in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,817 shares of the information services provider’s stock, valued at approximately $202,000.

Other hedge funds have also added to or reduced their stakes in the company. Polunin Capital Partners Ltd boosted its holdings in shares of JD.com by 27.8% during the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after acquiring an additional 447,264 shares during the period. Seven Grand Managers LLC bought a new stake in JD.com in the 3rd quarter valued at $16,800,000. Citigroup Inc. grew its holdings in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after buying an additional 36,096 shares in the last quarter. SG Americas Securities LLC increased its position in JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after buying an additional 33,771 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its holdings in shares of JD.com by 5.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock worth $143,086,000 after buying an additional 200,200 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analysts Set New Price Targets

JD has been the topic of a number of analyst reports. Sanford C. Bernstein raised 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 research report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays boosted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Citigroup reduced their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Performance

Shares of JD.com stock opened at $39.00 on Monday. The business has a 50-day moving average price of $36.02 and a two-hundred day moving average price of $33.33. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market cap of $61.51 billion, a P/E ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39.

JD.com 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.