JD.com, Inc. $JD Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 31.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,152 shares of the information services provider’s stock after buying an additional 3,129 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JD.com were worth $429,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Dodge & Cox lifted its holdings in JD.com by 8.0% during the 1st quarter. Dodge & Cox now owns 18,062,949 shares of the information services provider’s stock worth $742,748,000 after buying an additional 1,339,508 shares in the last quarter. Invesco Ltd. raised its holdings in shares of JD.com by 2.0% in the 1st quarter. Invesco Ltd. now owns 15,417,939 shares of the information services provider’s stock valued at $633,986,000 after purchasing an additional 295,900 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of JD.com by 63.8% in the 1st quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after purchasing an additional 2,018,675 shares in the last quarter. Hhlr Advisors LTD. raised its holdings in shares of JD.com by 184.7% in the 1st quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock valued at $197,857,000 after purchasing an additional 3,121,700 shares in the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in shares of JD.com by 19.8% in the 1st quarter. Alkeon Capital Management LLC now owns 4,523,802 shares of the information services provider’s stock valued at $186,019,000 after purchasing an additional 746,530 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Trading Up 2.1%

NASDAQ JD opened at $33.76 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. The firm’s fifty day moving average price is $33.19 and its 200 day moving average price is $33.21. The company has a market capitalization of $48.36 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 3.61 and a beta of 0.39. JD.com, Inc. has a 12 month low of $29.90 and a 12 month high of $46.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JD shares. Citigroup started coverage on shares of JD.com in a report on Monday, August 11th. They issued a “buy” rating and a $42.00 price objective on the stock. UBS Group reduced their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of JD.com in a report on Wednesday, October 8th. Arete upgraded shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, September 26th. Finally, Zacks Research upgraded shares of JD.com from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, JD.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.46.

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.