Avitas Wealth Management LLC Invests $282,000 in JD.com, Inc. (NASDAQ:JD)

Avitas Wealth Management LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,127 shares of the information services provider's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds have also made changes to their positions in JD. Richardson Financial Services Inc. purchased a new position in JD.com during the fourth quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in shares of JD.com during the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC lifted its holdings in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new position in JD.com in the fourth quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in JD.com during the third quarter worth $49,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Stock Performance

JD traded up $0.16 on Friday, hitting $40.17. 8,322,665 shares of the company traded hands, compared to its average volume of 10,550,680. JD.com, Inc. has a 12-month low of $21.18 and a 12-month high of $47.82. The company has a 50 day moving average of $37.32 and a 200-day moving average of $34.71. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $63.35 billion, a PE ratio of 12.71, a PEG ratio of 0.30 and a beta of 0.40.

Wall Street Analysts Forecast Growth

JD has been the topic of several recent analyst reports. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Citigroup lowered their price target on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Friday, November 15th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Friday, January 31st. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and raised their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.