Janney Montgomery Scott LLC Buys 7,174 Shares of JD.com, Inc. (NASDAQ:JD)

Janney Montgomery Scott LLC raised its holdings in JD.com, Inc. (NASDAQ:JD) by 41.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,508 shares of the information services provider’s stock after purchasing an additional 7,174 shares during the quarter. Janney Montgomery Scott LLC’s holdings in JD.com were worth $850,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Polunin Capital Partners Ltd grew its position in shares of JD.com by 27.8% in the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after buying an additional 447,264 shares during the last quarter. Seven Grand Managers LLC purchased a new position in JD.com during the third quarter worth about $16,800,000. Citigroup Inc. lifted its holdings in JD.com by 9.9% during the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after acquiring an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. increased its holdings in 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 during the last quarter. Finally, National Bank of Canada FI grew its holdings in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Up 0.5 %

Shares of JD.com stock opened at $40.01 on Friday. The firm’s 50-day moving average is $37.21 and its two-hundred day moving average is $34.52. 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 has a market cap of $63.10 billion, a price-to-earnings ratio of 12.66, 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.

Analysts Set New Price Targets

JD has been the topic of a number of recent research reports. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. JPMorgan Chase & Co. upped their price target on shares of 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 issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. Finally, Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.