Charles Schwab Investment Management Inc. Grows Stake in JD.com, Inc. (NASDAQ:JD)

Charles Schwab Investment Management Inc. boosted its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 155.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,661,357 shares of the information services provider's stock after purchasing an additional 1,010,736 shares during the period. Charles Schwab Investment Management Inc. owned about 0.11% of JD.com worth $66,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Atlas Capital Advisors LLC purchased a new position in shares of JD.com during the 2nd quarter valued at $28,000. Huntington National Bank lifted its position in shares of 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 acquiring an additional 452 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of JD.com by 58.4% in the third 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. Blue Trust Inc. grew its position in shares of JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock worth $126,000 after purchasing an additional 2,360 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in JD.com during the 3rd quarter valued at approximately $183,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and reduced their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Susquehanna reaffirmed a "neutral" rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Citigroup reduced their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and a consensus price target of $40.36.

JD.com Trading Up 0.5 %

Shares of NASDAQ JD traded up $0.19 during midday trading on Friday, hitting $37.38. The company's stock had a trading volume of 6,108,812 shares, compared to its average volume of 14,822,729. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. 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 firm has a market cap of $58.95 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 0.30 and a beta of 0.41. The business's 50 day moving average is $38.94 and its two-hundred day moving average is $31.76.

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.