JD.com, Inc. (NASDAQ:JD) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC lifted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 254.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,645 shares of the information services provider's stock after acquiring an additional 126,094 shares during the quarter. Townsquare Capital LLC's holdings in JD.com were worth $7,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in JD. Transamerica Financial Advisors Inc. purchased a new position in JD.com during the third quarter valued at $103,000. Quantbot Technologies LP purchased a new position in shares of JD.com during the 3rd quarter valued at about $2,310,000. D.A. Davidson & CO. bought a new position in shares of JD.com during the 3rd quarter valued at approximately $290,000. FMR LLC increased its holdings in JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock worth $611,080,000 after acquiring an additional 4,445,277 shares in the last quarter. Finally, DRW Securities LLC lifted its holdings in JD.com by 129.9% during the third quarter. DRW Securities LLC now owns 36,546 shares of the information services provider's stock valued at $1,462,000 after purchasing an additional 20,649 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

Shares of NASDAQ:JD traded up $0.19 during trading on Friday, hitting $37.38. 6,108,812 shares of the stock traded hands, compared to its average volume of 14,822,729. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $38.94 and a two-hundred day moving average price of $31.76. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82. The company has a market cap of $58.95 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 0.30 and a beta of 0.41.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Susquehanna reaffirmed a "neutral" rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Barclays upped their price objective on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and reduced their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. StockNews.com upgraded shares of JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Finally, Benchmark restated a "buy" rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.36.

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.