Milestone Asset Management LLC Makes New $780,000 Investment in JD.com, Inc. $JD

Milestone Asset Management LLC purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,903 shares of the information services provider’s stock, valued at approximately $780,000.

Several other institutional investors and hedge funds have also made changes to their positions in JD. Hexagon Capital Partners LLC acquired a new stake in JD.com during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in JD.com in the first quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new position in JD.com in the second quarter valued at about $37,000. Wayfinding Financial LLC acquired a new position in shares of JD.com in the first quarter worth about $56,000. Finally, Smithfield Trust Co lifted its stake in shares of JD.com by 3,451.8% in the first quarter. Smithfield Trust Co now owns 1,989 shares of the information services provider’s stock worth $82,000 after acquiring an additional 1,933 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of JD.com in a report on Wednesday, October 8th. Benchmark decreased their price target on JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Morgan Stanley cut their price objective 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. Arete Research set a $41.00 price objective on JD.com in a research report on Friday, September 26th. Finally, UBS Group cut their price objective 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. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average price target of $41.92.

JD.com Trading Down 0.8%

NASDAQ JD opened at $32.78 on Tuesday. JD.com, Inc. has a 1-year low of $29.90 and a 1-year high of $46.44. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $46.96 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 3.35 and a beta of 0.41. The firm’s fifty day simple moving average is $33.52 and its 200-day simple moving average is $33.06.

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.