Bamco Inc. NY Takes $32.34 Million Position in JD.com, Inc. (NASDAQ:JD)

Bamco Inc. NY purchased a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 808,508 shares of the information services provider's stock, valued at approximately $32,340,000. Bamco Inc. NY owned 0.05% of JD.com as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Atlas Capital Advisors LLC acquired a new position in JD.com in the second quarter worth about $28,000. Huntington National Bank lifted its stake in JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock valued at $74,000 after buying an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new position in JD.com during the 3rd quarter valued at about $103,000. Allspring Global Investments Holdings LLC boosted its position in JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider's stock worth $120,000 after acquiring an additional 1,102 shares during the period. Finally, Blue Trust Inc. grew its position in 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 buying an additional 2,360 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Trading Down 0.0 %

NASDAQ:JD traded down $0.01 during trading hours on Tuesday, hitting $37.46. The stock had a trading volume of 1,770,112 shares, compared to its average volume of 14,735,907. The business's 50 day moving average is $39.12 and its 200-day moving average is $31.76. The company has a market cap of $59.08 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.31 and a beta of 0.38. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a report on Friday, November 22nd. Barclays raised their price objective 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. Benchmark reaffirmed a "buy" rating and set a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Citigroup lowered their price target on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Finally, Susquehanna reiterated a "neutral" rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $40.36.

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.