Milestone Asset Management LLC Purchases New Holdings in JD.com, Inc. $JD

Milestone Asset Management LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,903 shares of the information services provider’s stock, valued at approximately $780,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JD. Brighton Jones LLC bought a new position in shares of JD.com during the fourth quarter worth $270,000. Cambridge Investment Research Advisors Inc. bought a new stake in JD.com in the 1st quarter valued at $248,000. Allspring Global Investments Holdings LLC bought a new stake in JD.com in the 1st quarter valued at $251,000. Principal Financial Group Inc. lifted its position in JD.com by 1,724.9% in the 1st quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider’s stock valued at $28,545,000 after acquiring an additional 656,158 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in JD.com during the 1st quarter worth about $56,000. 15.98% of the stock is owned by institutional investors.

JD.com Stock Down 0.8%

NASDAQ:JD opened at $32.78 on Tuesday. The firm has a market cap of $46.96 billion, a P/E ratio of 9.21, a P/E/G ratio of 3.35 and a beta of 0.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. JD.com, Inc. has a fifty-two week low of $29.90 and a fifty-two week high of $46.44. The firm has a 50-day simple moving average of $33.52 and a two-hundred day simple moving average of $33.06.

Analysts Set New Price Targets

A number of research analysts recently commented on JD shares. Bank of America decreased their price target on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, July 14th. Citigroup assumed coverage on shares of JD.com in a report on Monday, August 11th. They issued a “buy” rating and a $42.00 price objective for the company. Mizuho set a $41.00 price objective on shares of JD.com in a report on Wednesday, October 22nd. Zacks Research raised shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Finally, Arete Research set a $41.00 price objective on shares of JD.com in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.