Vontobel Holding Ltd. Buys 69,386 Shares of JD.com, Inc. (NASDAQ:JD)

Vontobel Holding Ltd. increased its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 94.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,819 shares of the information services provider's stock after acquiring an additional 69,386 shares during the period. Vontobel Holding Ltd.'s holdings in JD.com were worth $4,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new stake in JD.com in the fourth quarter worth $27,000. Brooklyn Investment Group bought a new stake in JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC lifted its holdings in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com in the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com during the 3rd quarter valued at approximately $49,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on JD. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Citigroup decreased their price target 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. Benchmark restated a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Finally, Sanford C. Bernstein raised shares of JD.com from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.36.

JD.com Trading Up 0.7 %

Shares of NASDAQ:JD traded up $0.28 during midday trading on Wednesday, hitting $39.19. 7,632,424 shares of the stock traded hands, compared to its average volume of 11,046,947. The stock has a market capitalization of $61.81 billion, a PE ratio of 12.40, a P/E/G ratio of 0.31 and a beta of 0.40. JD.com, Inc. has a one year low of $21.18 and a one year high of $47.82. The business's 50 day moving average is $37.70 and its two-hundred day moving average is $35.49. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

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.