Virtu Financial LLC Increases Stake in JD.com, Inc. (NASDAQ:JD)

Virtu Financial LLC increased its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 86.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 69,146 shares of the information services provider's stock after purchasing an additional 32,079 shares during the period. Virtu Financial LLC's holdings in JD.com were worth $2,766,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of JD. Atlas Capital Advisors LLC bought a new position in JD.com during the 2nd quarter worth $28,000. Huntington National Bank increased its position in JD.com by 32.1% during the third 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 during the period. Transamerica Financial Advisors Inc. acquired a new stake in JD.com in the 3rd quarter worth about $103,000. Allspring Global Investments Holdings LLC boosted its holdings in JD.com by 58.4% in the 3rd 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 during the period. Finally, Blue Trust Inc. grew its position in shares of 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 purchasing an additional 2,360 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Trading Down 0.9 %

Shares of JD.com stock traded down $0.33 during midday trading on Thursday, reaching $37.88. 7,917,489 shares of the company's stock traded hands, compared to its average volume of 14,723,501. The stock has a 50 day moving average of $39.13 and a 200-day moving average of $32.04. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The company has a market cap of $59.74 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 0.30 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JD shares. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and dropped their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Barclays boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a "buy" rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Susquehanna reissued a "neutral" rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Finally, StockNews.com upgraded JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.

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.