Geode Capital Management LLC Buys 931 Shares of JD.com, Inc. (NASDAQ:JD)

Geode Capital Management LLC increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 0.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 401,189 shares of the information services provider’s stock after buying an additional 931 shares during the quarter. Geode Capital Management LLC’s holdings in JD.com were worth $16,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Panagora Asset Management Inc. lifted 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 purchasing an additional 719 shares during the last quarter. Signaturefd LLC raised its position in shares of JD.com by 29.7% during the second quarter. Signaturefd LLC now owns 15,832 shares of the information services provider’s stock valued at $409,000 after buying an additional 3,622 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of JD.com by 6.2% in the second quarter. Commonwealth Equity Services LLC now owns 46,285 shares of the information services provider’s stock valued at $1,196,000 after buying an additional 2,708 shares during the period. Van ECK Associates Corp increased its stake in JD.com by 9.3% during the second quarter. Van ECK Associates Corp now owns 221,230 shares of the information services provider’s stock valued at $5,717,000 after acquiring an additional 18,778 shares during the period. Finally, Ritholtz Wealth Management increased its position in shares of JD.com by 73.1% during the second quarter. Ritholtz Wealth Management now owns 49,363 shares of the information services provider’s stock valued at $1,276,000 after purchasing an additional 20,840 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

Shares of JD stock opened at $34.98 on Monday. The stock has a 50-day moving average price of $37.57 and a 200 day moving average price of $32.62. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market cap of $55.17 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.30 and a beta of 0.38. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82.

Analyst Upgrades and Downgrades

JD has been the subject of a number of recent research reports. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Barclays increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped 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. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Benchmark restated a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

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.