JD.com, Inc. $JD Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. raised its stake in JD.com, Inc. (NASDAQ:JD) by 57.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,276 shares of the information services provider’s stock after purchasing an additional 1,556 shares during the period. Harbour Investments Inc.’s holdings in JD.com were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bayforest Capital Ltd raised its position in shares of JD.com by 177.1% during the 2nd quarter. Bayforest Capital Ltd now owns 16,868 shares of the information services provider’s stock worth $551,000 after acquiring an additional 10,781 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of JD.com by 31.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,152 shares of the information services provider’s stock worth $429,000 after acquiring an additional 3,129 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of JD.com by 4.6% during the 2nd quarter. Yousif Capital Management LLC now owns 22,310 shares of the information services provider’s stock worth $728,000 after acquiring an additional 985 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of JD.com by 8.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,605 shares of the information services provider’s stock worth $216,000 after acquiring an additional 540 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of JD.com by 32.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 28,360 shares of the information services provider’s stock worth $926,000 after acquiring an additional 6,976 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

JD has been the topic of several research analyst reports. Arete Research set a $41.00 target price on JD.com in a research report on Friday, September 26th. Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Friday, September 26th. Zacks Research upgraded JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Mizuho set a $41.00 target price on JD.com in a research note on Wednesday. Finally, Citigroup started coverage on JD.com in a research note on Monday, August 11th. They issued a “buy” rating and a $42.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.92.

JD.com Trading Down 1.1%

NASDAQ:JD opened at $32.46 on Thursday. JD.com, Inc. has a 52-week low of $29.90 and a 52-week high of $46.44. The company has a market capitalization of $46.50 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 3.33 and a beta of 0.39. The stock has a fifty day simple moving average of $33.20 and a 200-day simple moving average of $33.21. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

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.