Range Financial Group LLC Makes New $824,000 Investment in JD.com, Inc. (NASDAQ:JD)

Range Financial Group LLC acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 23,778 shares of the information services provider’s stock, valued at approximately $824,000.

A number of other hedge funds also recently made changes to their positions in JD. Nordea Investment Management AB grew its position in shares of JD.com by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 451,509 shares of the information services provider’s stock worth $15,821,000 after purchasing an additional 30,140 shares in the last quarter. Modus Advisors LLC purchased a new stake in JD.com during the 4th quarter valued at approximately $41,000. B. Riley Wealth Advisors Inc. purchased a new stake in JD.com during the 3rd quarter valued at approximately $341,000. Tidal Investments LLC lifted its holdings in shares of JD.com by 38.7% in the third quarter. Tidal Investments LLC now owns 34,036 shares of the information services provider’s stock worth $1,361,000 after buying an additional 9,500 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of JD.com during the third quarter worth $49,000. 15.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and decreased their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $46.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Stock Down 0.5 %

NASDAQ:JD traded down $0.16 during mid-day trading on Tuesday, reaching $34.98. The company’s stock had a trading volume of 5,857,199 shares, compared to its average volume of 6,868,293. The stock has a fifty day moving average of $36.92 and a 200-day moving average of $32.86. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. The firm has a market capitalization of $55.17 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. 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.