Quantbot Technologies LP Takes $2.31 Million Position in JD.com, Inc. (NASDAQ:JD)

Quantbot Technologies LP purchased a new stake in JD.com, Inc. (NASDAQ:JD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 57,755 shares of the information services provider's stock, valued at approximately $2,310,000.

A number of other institutional investors also recently modified their holdings of JD. Atlas Capital Advisors LLC purchased a new position in JD.com during the 2nd quarter valued at about $28,000. Huntington National Bank boosted 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 during the period. Allspring Global Investments Holdings LLC grew its stake in JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider's stock valued at $120,000 after acquiring an additional 1,102 shares in the last quarter. Blue Trust Inc. increased its holdings in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock worth $126,000 after acquiring an additional 2,360 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in JD.com in the 3rd quarter worth approximately $183,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Up 0.5 %

JD stock traded up $0.19 during midday trading on Friday, hitting $37.38. The company had a trading volume of 6,108,807 shares, compared to its average volume of 14,822,362. The stock has a market cap of $58.95 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.30 and a beta of 0.41. JD.com, Inc. has a 52 week low of $20.82 and a 52 week 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 stock's 50 day moving average price is $38.94 and its 200 day moving average price is $31.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on JD shares. Barclays increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Susquehanna reaffirmed a "neutral" rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a report on Friday, November 22nd. Benchmark reaffirmed a "buy" rating and issued a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. 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 research note on Friday, November 15th. Three investment 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.com, JD.com presently has a consensus rating of "Moderate Buy" and a consensus 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.