Empowered Funds LLC Invests $498,000 in JD.com, Inc. (NASDAQ:JD)

Empowered Funds LLC bought a new position in JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,363 shares of the information services provider’s stock, valued at approximately $498,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Richardson Financial Services Inc. bought a new position in shares of JD.com in the fourth quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in JD.com in the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC boosted its stake in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com in the 4th quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of JD.com in the third quarter worth $49,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JD shares. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Finally, Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Performance

NASDAQ JD opened at $39.19 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. JD.com, Inc. has a 1-year low of $21.18 and a 1-year high of $47.82. The business has a 50 day simple moving average of $37.72 and a two-hundred day simple moving average of $35.51. The stock has a market capitalization of $61.81 billion, a PE ratio of 12.40, a P/E/G ratio of 0.31 and a beta of 0.40.

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.