Gateway Investment Advisers LLC Has $1.03 Million Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Gateway Investment Advisers LLC grew its stake in JD.com, Inc. (NASDAQ:JD) by 223.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,923 shares of the information services provider’s stock after buying an additional 17,220 shares during the period. Gateway Investment Advisers LLC’s holdings in JD.com were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its stake in JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock valued at $561,000 after acquiring an additional 265 shares during the period. Parallel Advisors LLC grew its stake in JD.com by 5.9% in the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider’s stock valued at $223,000 after acquiring an additional 304 shares during the period. Lakeshore Capital Group Inc. grew its stake in JD.com by 2.4% in the first quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider’s stock valued at $556,000 after acquiring an additional 322 shares during the period. Quintet Private Bank Europe S.A. lifted its holdings in shares of JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock valued at $271,000 after purchasing an additional 334 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of JD.com by 4.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock valued at $353,000 after purchasing an additional 436 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

JD.com stock opened at $33.12 on Monday. 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 market capitalization of $52.23 billion, a P/E ratio of 10.48, a PEG ratio of 0.31 and a beta of 0.48. The stock’s 50 day moving average is $34.32 and its 200 day moving average is $37.35. JD.com, Inc. has a twelve month low of $24.13 and a twelve month high of $47.82.

Analysts Set New Price Targets

JD has been the topic of a number of recent research reports. Benchmark dropped their target price on JD.com from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Susquehanna dropped their target price on JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 15th. Mizuho dropped their price target on JD.com from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, May 14th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price target on JD.com from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.33.

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.