JD.com, Inc. (NASDAQ:JD) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 68.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,125 shares of the information services provider's stock after acquiring an additional 15,542 shares during the quarter. Park Avenue Securities LLC's holdings in JD.com were worth $1,322,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JD. Headwater Capital Co Ltd purchased a new position in shares of JD.com during the fourth quarter worth approximately $17,335,000. Range Financial Group LLC purchased a new position in JD.com during the 4th quarter worth $824,000. Nordea Investment Management AB increased its stake in JD.com by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 451,509 shares of the information services provider's stock valued at $15,821,000 after purchasing an additional 30,140 shares during the period. Modus Advisors LLC purchased a new stake in shares of JD.com in the fourth quarter valued at about $41,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of JD.com during the third quarter worth about $341,000. Institutional investors and hedge funds own 15.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on JD shares. Barclays upped their price objective on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Loop Capital raised JD.com from a "hold" rating to a "buy" rating and decreased their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Benchmark reissued a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Finally, Citigroup cut their price target on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.

JD.com Price Performance

Shares of JD traded up $3.58 on Monday, reaching $39.00. The stock had a trading volume of 28,457,124 shares, compared to its average volume of 6,059,499. The firm has a 50-day moving average of $36.02 and a 200 day moving average of $33.37. The firm has a market capitalization of $61.51 billion, a PE ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

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.