Aberdeen Group plc Purchases 8,180 Shares of JD.com, Inc. $JD

Aberdeen Group plc lifted its holdings in JD.com, Inc. (NASDAQ:JD) by 36.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,722 shares of the information services provider’s stock after buying an additional 8,180 shares during the period. Aberdeen Group plc’s holdings in JD.com were worth $1,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PDS Planning Inc raised its stake in JD.com by 6.8% in the 2nd quarter. PDS Planning Inc now owns 8,256 shares of the information services provider’s stock valued at $269,000 after acquiring an additional 524 shares during the period. Blue Trust Inc. raised its stake in shares of JD.com by 44.9% during the 2nd quarter. Blue Trust Inc. now owns 6,924 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 2,147 shares during the period. IFP Advisors Inc grew its stake in JD.com by 1,210.1% during the second quarter. IFP Advisors Inc now owns 4,913 shares of the information services provider’s stock valued at $160,000 after acquiring an additional 4,538 shares in the last quarter. Callan Family Office LLC purchased a new stake in JD.com in the 2nd quarter worth approximately $451,000. Finally, Fluent Financial LLC boosted its holdings in JD.com by 94.3% in the 2nd quarter. Fluent Financial LLC now owns 148,680 shares of the information services provider’s stock valued at $4,853,000 after purchasing an additional 72,167 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $33.07 on Friday. JD.com, Inc. has a 1 year low of $29.90 and a 1 year high of $46.44. The stock has a market capitalization of $47.37 billion, a P/E ratio of 9.29, a P/E/G ratio of 3.57 and a beta of 0.39. The company’s 50-day moving average is $33.14 and its 200 day moving average is $33.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of JD.com in a research note on Wednesday, October 8th. Morgan Stanley cut their target price on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Arete Research set a $41.00 price target on shares of JD.com in a research report on Friday, September 26th. Finally, Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.86.

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.