993 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Brooklyn Investment Group

Brooklyn Investment Group bought a new stake in JD.com, Inc. (NASDAQ:JD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 993 shares of the information services provider’s stock, valued at approximately $34,000.

A number of other hedge funds have also made changes to their positions in the company. Modus Advisors LLC acquired a new position in shares of JD.com during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the third quarter worth $49,000. Huntington National Bank lifted its position in shares of JD.com by 32.1% in 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 in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of JD.com during the third quarter valued at $103,000. Finally, Allspring Global Investments Holdings LLC increased its position in JD.com by 58.4% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

Shares of JD stock opened at $39.00 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a market cap of $61.51 billion, a PE ratio of 12.34, a P/E/G ratio of 0.25 and a beta of 0.39. The company’s fifty day simple moving average is $36.02 and its 200-day simple moving average is $33.33. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82.

Analyst Upgrades and Downgrades

JD has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays boosted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Company 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.