UG Investment Advisers Ltd. Buys 54,513 Shares of JD.com, Inc. (NASDAQ:JD)

UG Investment Advisers Ltd. lifted its stake in JD.com, Inc. (NASDAQ:JD) by 495,572.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,524 shares of the information services provider’s stock after purchasing an additional 54,513 shares during the quarter. JD.com comprises about 0.7% of UG Investment Advisers Ltd.’s portfolio, making the stock its 9th largest holding. UG Investment Advisers Ltd.’s holdings in JD.com were worth $1,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of JD. Envestnet Asset Management Inc. raised its stake in shares of JD.com by 9.6% in the second quarter. Envestnet Asset Management Inc. now owns 161,928 shares of the information services provider’s stock worth $4,184,000 after purchasing an additional 14,210 shares during the last quarter. Dimensional Fund Advisors LP raised its position in JD.com by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 240,458 shares of the information services provider’s stock worth $6,213,000 after buying an additional 3,814 shares during the last quarter. Sei Investments Co. lifted its stake in JD.com by 4.3% during the 2nd quarter. Sei Investments Co. now owns 202,723 shares of the information services provider’s stock valued at $5,238,000 after acquiring an additional 8,295 shares during the period. Bank of Montreal Can purchased a new stake in shares of JD.com in the 2nd quarter valued at $645,000. Finally, Creative Planning increased its stake in shares of JD.com by 5.1% in the second quarter. Creative Planning now owns 180,458 shares of the information services provider’s stock worth $4,663,000 after acquiring an additional 8,782 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of NASDAQ JD opened at $41.07 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a market cap of $64.77 billion, a PE ratio of 13.00, a PEG ratio of 0.29 and a beta of 0.39. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82. The firm has a fifty day moving average of $36.45 and a 200 day moving average of $33.90.

Wall Street Analyst Weigh In

JD has been the subject of a number of research reports. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Barclays upped their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Citigroup dropped their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and decreased their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Two 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

About JD.com

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.