IFP Advisors Inc Increases Holdings in JD.com, Inc. $JD

IFP Advisors Inc lifted its position in JD.com, Inc. (NASDAQ:JD) by 1,210.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,913 shares of the information services provider’s stock after purchasing an additional 4,538 shares during the quarter. IFP Advisors Inc’s holdings in JD.com were worth $160,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of JD. Hexagon Capital Partners LLC purchased a new position in shares of JD.com in the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in JD.com during the first quarter valued at approximately $32,000. Ameritas Advisory Services LLC purchased a new position in JD.com during the second quarter valued at approximately $37,000. Wayfinding Financial LLC purchased a new position in JD.com during the first quarter valued at approximately $56,000. Finally, Farther Finance Advisors LLC raised its position in JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock valued at $66,000 after acquiring an additional 308 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Stock Up 1.0%

Shares of JD opened at $33.07 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a 12 month low of $29.90 and a 12 month high of $46.44. The stock’s 50 day moving average is $33.14 and its two-hundred day moving average is $33.34. The firm has a market cap of $47.37 billion, a P/E ratio of 9.29, a PEG ratio of 3.57 and a beta of 0.39.

Analyst Ratings Changes

Several brokerages recently weighed in on JD. Arete Research set a $41.00 price target on JD.com in a research report on Friday, September 26th. Benchmark reduced their price target on JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 21st. UBS Group reduced their price target on JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Friday, September 26th. Finally, Morgan Stanley reduced their price target on 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. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

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.