Tabor Asset Management LP Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Tabor Asset Management LP bought a new position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 31,123 shares of the information services provider's stock, valued at approximately $1,245,000.

Other large investors also recently bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com in the 2nd quarter valued at $28,000. Huntington National Bank boosted its holdings in shares of JD.com by 32.1% in the 3rd 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. purchased a new stake in shares of JD.com in the 3rd quarter valued at $103,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider's stock valued at $120,000 after acquiring an additional 1,102 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock valued at $126,000 after acquiring an additional 2,360 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Trading Up 2.4 %

JD stock traded up $0.86 during trading on Friday, reaching $37.27. 6,333,854 shares of the stock were exchanged, compared to its average volume of 14,686,818. 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 business has a 50 day moving average price of $39.36 and a 200-day moving average price of $31.86. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The firm has a market capitalization of $58.78 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 0.30 and a beta of 0.38.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JD. Benchmark restated a "buy" rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Barclays raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Susquehanna restated a "neutral" rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Finally, Sanford C. Bernstein dropped their price target on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating on the stock in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $40.36.

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.