Ritholtz Wealth Management Boosts Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Ritholtz Wealth Management lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 51.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 98,898 shares of the information services provider’s stock after purchasing an additional 33,441 shares during the period. Ritholtz Wealth Management’s holdings in JD.com were worth $3,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Modus Advisors LLC bought a new position in JD.com in the fourth quarter worth about $41,000. Wilmington Savings Fund Society FSB bought a new position in shares of JD.com during the 3rd quarter worth approximately $49,000. Huntington National Bank lifted its position 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 valued at $74,000 after acquiring an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in JD.com in the third quarter valued at approximately $103,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in JD.com by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after purchasing an additional 1,102 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

JD.com Price Performance

JD.com stock opened at $39.00 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company’s fifty day moving average price is $36.00 and its 200 day moving average price is $33.19. The stock has a market capitalization of $61.51 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.25 and a beta of 0.39. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. 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 note on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.