Stifel Financial Corp Has $6.98 Million Stake in JD.com, Inc. (NASDAQ:JD)

Stifel Financial Corp increased its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 35.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 174,512 shares of the information services provider's stock after acquiring an additional 46,130 shares during the quarter. Stifel Financial Corp's holdings in JD.com were worth $6,981,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock worth $74,000 after buying an additional 452 shares during the last quarter. SRN Advisors LLC lifted its stake in JD.com by 1.6% during the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider's stock worth $1,288,000 after purchasing an additional 516 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider's stock worth $676,000 after purchasing an additional 719 shares during the period. Douglass Winthrop Advisors LLC increased its stake in JD.com by 4.0% during the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider's stock valued at $849,000 after purchasing an additional 820 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of JD.com by 3.1% during the third quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider's stock worth $1,172,000 after purchasing an additional 889 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Down 2.2 %

Shares of NASDAQ:JD traded down $0.82 during trading on Friday, reaching $37.29. 7,498,065 shares of the company traded hands, compared to its average volume of 14,702,139. The firm has a fifty day simple moving average of $38.81 and a 200 day simple moving average of $32.13. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The firm has a market cap of $58.81 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 0.31 and a beta of 0.38.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JD. Sanford C. Bernstein raised shares of JD.com from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $43.00 to $46.00 in a report on Monday, December 9th. JPMorgan Chase & Co. boosted 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. Citigroup lowered their target price on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Susquehanna reiterated a "neutral" rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Finally, StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, JD.com has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.

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.