Advisors Asset Management Inc. Purchases 9,112 Shares of JD.com, Inc. (NASDAQ:JD)

Advisors Asset Management Inc. increased its holdings in JD.com, Inc. (NASDAQ:JD) by 85.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,776 shares of the information services provider’s stock after purchasing an additional 9,112 shares during the period. Advisors Asset Management Inc.’s holdings in JD.com were worth $791,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in shares of JD.com in the 2nd quarter valued at approximately $28,000. Huntington National Bank boosted its stake in JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the period. Allspring Global Investments Holdings LLC increased its position in JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 1,102 shares during the last quarter. Blue Trust Inc. raised its stake in shares of JD.com by 295.7% in the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares during the period. Finally, Unique Wealth Strategies LLC bought a new stake in shares of JD.com in the 2nd quarter worth about $172,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JD shares. Susquehanna reiterated a “neutral” rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Barclays upped their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Finally, Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and cut their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.36.

JD.com Stock Performance

Shares of JD stock opened at $35.33 on Wednesday. The firm has a market cap of $55.72 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.29 and a beta of 0.41. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82. 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 company’s 50 day moving average is $38.57 and its 200 day moving average is $31.69.

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.