Geller Advisors LLC Invests $560,000 in JD.com, Inc. (NASDAQ:JD)

Geller Advisors LLC acquired a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,000 shares of the information services provider's stock, valued at approximately $560,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of JD.com during the third quarter valued at about $21,794,000. Y Intercept Hong Kong Ltd acquired a new stake in JD.com in the 3rd quarter valued at approximately $19,614,000. MML Investors Services LLC raised its position in JD.com by 25.1% in the third quarter. MML Investors Services LLC now owns 18,539 shares of the information services provider's stock valued at $742,000 after purchasing an additional 3,717 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in JD.com in the third quarter valued at approximately $664,000. Finally, National Bank of Canada FI lifted its stake in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after purchasing an additional 2,211,095 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JD. Citigroup reduced their price target on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Sanford C. Bernstein raised shares of JD.com from a "market perform" rating to an "outperform" rating and raised their price target for the company from $43.00 to $46.00 in a research report on Monday. Susquehanna reaffirmed a "neutral" rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Benchmark reissued a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Finally, Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.36.

JD.com Price Performance

Shares of JD stock traded up $4.09 during midday trading on Monday, reaching $41.27. 26,731,434 shares of the company traded hands, compared to its average volume of 11,918,006. The firm has a market cap of $65.09 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.30 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm's 50 day simple moving average is $39.30 and its two-hundred day simple moving average is $31.86. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82.

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.