Orion Portfolio Solutions LLC Invests $664,000 in JD.com, Inc. (NASDAQ:JD)

Orion Portfolio Solutions LLC bought a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,588 shares of the information services provider’s stock, valued at approximately $664,000.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the period. Two Sigma Advisers LP increased its position in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares in the last quarter. Federated Hermes Inc. raised its stake in JD.com by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after buying an additional 603,211 shares during the period. Fisher Asset Management LLC grew its stake in JD.com by 9.0% in the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after acquiring an additional 336,740 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in shares of JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after acquiring an additional 2,175,568 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Susquehanna reissued a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Benchmark restated a “buy” rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Citigroup cut their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Trading Down 1.6 %

NASDAQ JD opened at $36.71 on Tuesday. The business’s fifty day moving average is $38.60 and its 200-day moving average is $32.21. 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 capitalization of $57.90 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.31 and a beta of 0.38. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82.

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.