Quantbot Technologies LP Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Quantbot Technologies LP purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,755 shares of the information services provider’s stock, valued at approximately $2,310,000.

Several other hedge funds have also made changes to their positions in JD. Atlas Capital Advisors LLC acquired a new stake in shares of JD.com in the second quarter worth approximately $28,000. Huntington National Bank boosted its holdings in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of JD.com by 58.4% during 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 buying an additional 1,102 shares during the period. Blue Trust Inc. increased its holdings 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 buying an additional 2,360 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of JD.com in the 3rd quarter worth $183,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Barclays raised their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein dropped their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Finally, Citigroup reduced their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

JD stock opened at $37.19 on Friday. The stock’s 50 day moving average is $38.94 and its two-hundred day moving average is $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 capitalization of $58.65 billion, a PE ratio of 11.77, a P/E/G ratio of 0.28 and a beta of 0.41. 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 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.