JD.com, Inc. (NASDAQ:JD) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 51.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,898 shares of the information services provider's stock after purchasing an additional 33,441 shares during the period. Ritholtz Wealth Management's holdings in JD.com were worth $3,429,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in JD.com in the 4th quarter worth about $41,000. Wilmington Savings Fund Society FSB bought a new position in JD.com in the 3rd quarter worth about $49,000. Huntington National Bank grew its stake in JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock worth $74,000 after acquiring an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of JD.com during the third quarter valued at approximately $103,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of 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 purchasing an additional 1,102 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JD shares. StockNews.com upgraded shares of JD.com from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and dropped their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Barclays increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Benchmark reiterated a "buy" rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, JD.com currently has an average rating of "Moderate Buy" and a consensus target price of $41.36.

JD.com Stock Performance

Shares of NASDAQ JD traded up $3.58 during midday trading on Friday, reaching $39.00. The company had a trading volume of 28,457,124 shares, compared to its average volume of 6,059,499. The business's 50-day simple moving average is $36.02 and its 200 day simple moving average is $33.28. The stock has a market cap of $61.51 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.25 and a beta of 0.39. JD.com, Inc. has a 1 year low of $20.82 and a 1 year 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.

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.