JD.com, Inc. $JD Shares Purchased by Harbour Investments Inc.

Harbour Investments Inc. boosted its holdings in JD.com, Inc. (NASDAQ:JD) by 57.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,276 shares of the information services provider’s stock after buying an additional 1,556 shares during the quarter. Harbour Investments Inc.’s holdings in JD.com were worth $140,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JD. Hhlr Advisors LTD. increased its stake in JD.com by 184.7% in the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock valued at $197,857,000 after purchasing an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC increased its stake in JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after purchasing an additional 2,018,675 shares during the last quarter. Federated Hermes Inc. increased its stake in JD.com by 61.9% in the first quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider’s stock valued at $179,862,000 after purchasing an additional 1,671,839 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its stake in JD.com by 112.8% in the first quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider’s stock valued at $121,010,000 after purchasing an additional 1,559,749 shares during the last quarter. Finally, Dodge & Cox increased its stake in JD.com by 8.0% in the first quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock valued at $742,748,000 after purchasing an additional 1,339,508 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of NASDAQ JD opened at $32.46 on Thursday. JD.com, Inc. has a 1-year low of $29.90 and a 1-year high of $46.44. The business has a 50-day moving average of $33.20 and a 200-day moving average of $33.21. 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 company has a market capitalization of $46.50 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 3.33 and a beta of 0.39.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Arete Research set a $41.00 target price on JD.com in a research note on Friday, September 26th. Benchmark lowered their price target on JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Arete raised JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Friday, September 26th. Bank of America lowered their price target on JD.com from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, July 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of JD.com in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.92.

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.