Fluent Financial LLC Has $4.85 Million Stock Position in JD.com, Inc. $JD

Fluent Financial LLC lifted its stake in shares of JD.com, Inc. (NASDAQ:JD) by 94.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 148,680 shares of the information services provider’s stock after buying an additional 72,167 shares during the period. JD.com makes up 2.0% of Fluent Financial LLC’s investment portfolio, making the stock its 13th biggest position. Fluent Financial LLC’s holdings in JD.com were worth $4,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JD. Hexagon Capital Partners LLC bought a new stake in JD.com during the 1st quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in JD.com during the 1st quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new position in JD.com during the 2nd quarter worth about $37,000. Wayfinding Financial LLC acquired a new position in shares of JD.com in the 1st quarter valued at about $56,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock valued at $66,000 after purchasing an additional 308 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD.com stock opened at $34.98 on Thursday. JD.com, Inc. has a one year low of $29.90 and a one year high of $46.44. The business has a fifty day moving average price of $32.92 and a 200-day moving average price of $33.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The firm has a market capitalization of $50.11 billion, a P/E ratio of 9.83, a PEG ratio of 3.94 and a beta of 0.39.

Analyst Upgrades and Downgrades

JD has been the topic of a number of research reports. Benchmark dropped their price target on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, July 21st. Arete Research set a $41.00 price objective on JD.com in a report on Friday, September 26th. Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Arete raised shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Friday, September 26th. Finally, Citigroup initiated coverage on JD.com in a report on Monday, August 11th. They set a “buy” rating and a $42.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

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.