Toth Financial Advisory Corp Invests $378,000 in JD.com, Inc. (NASDAQ:JD)

Toth Financial Advisory Corp acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,200 shares of the information services provider’s stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Appaloosa LP lifted its position in JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after acquiring an additional 3,165,885 shares in the last quarter. Temasek Holdings Private Ltd lifted its position in JD.com by 18.4% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider’s stock valued at $160,366,000 after acquiring an additional 718,760 shares in the last quarter. Van ECK Associates Corp lifted its position in JD.com by 20.4% in the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider’s stock valued at $13,646,000 after acquiring an additional 66,693 shares in the last quarter. Alberta Investment Management Corp lifted its position in JD.com by 25.4% in the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider’s stock valued at $17,492,000 after acquiring an additional 102,326 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in JD.com in the 4th quarter valued at about $2,363,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup reissued a “buy” rating and set a $51.00 target price (down previously from $56.00) on shares of JD.com in a research report on Monday, April 28th. Mizuho dropped their target price on shares of JD.com from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Morgan Stanley set a $39.00 target price on shares of JD.com in a research report on Tuesday, May 13th. Finally, Benchmark dropped their target price on shares of JD.com from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.33.

JD.com Stock Up 2.5%

JD.com stock opened at $33.94 on Tuesday. JD.com, Inc. has a 1-year low of $24.13 and a 1-year high of $47.82. The firm has a market capitalization of $53.53 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.31 and a beta of 0.48. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $34.17 and a 200 day simple moving average of $37.35.

JD.com Company 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.