Avitas Wealth Management LLC Invests $282,000 in JD.com, Inc. (NASDAQ:JD)

Avitas Wealth Management LLC acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,127 shares of the information services provider’s stock, valued at approximately $282,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caas Capital Management LP grew its holdings in JD.com by 46.2% during the 4th quarter. Caas Capital Management LP now owns 74,080 shares of the information services provider’s stock worth $2,568,000 after acquiring an additional 23,421 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the fourth quarter worth $27,000. Caprock Group LLC increased its holdings in JD.com by 26.4% in the fourth quarter. Caprock Group LLC now owns 15,748 shares of the information services provider’s stock valued at $546,000 after purchasing an additional 3,291 shares during the period. Robeco Institutional Asset Management B.V. raised its position in JD.com by 76.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock worth $114,886,000 after purchasing an additional 1,440,418 shares during the last quarter. Finally, UG Investment Advisers Ltd. lifted its holdings in JD.com by 495,572.7% during the 4th quarter. UG Investment Advisers Ltd. now owns 54,524 shares of the information services provider’s stock worth $1,890,000 after buying an additional 54,513 shares during the period. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JD. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Price Performance

JD opened at $39.81 on Thursday. 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 stock’s 50 day simple moving average is $37.16 and its 200 day simple moving average is $34.49. The firm has a market cap of $62.79 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.30 and a beta of 0.40. JD.com, Inc. has a 1 year low of $21.18 and a 1 year high of $47.82.

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.