Financial Advocates Investment Management raised its holdings in JD.Com Inc (NASDAQ:JD) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,612 shares of the information services provider’s stock after buying an additional 2,170 shares during the quarter. Financial Advocates Investment Management’s holdings in JD.Com were worth $371,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of JD. BlackRock Inc. grew its holdings in shares of JD.Com by 8.1% during the 4th quarter. BlackRock Inc. now owns 35,200,026 shares of the information services provider’s stock worth $736,736,000 after purchasing an additional 2,650,221 shares during the period. Dodge & Cox grew its holdings in shares of JD.Com by 20.2% during the 3rd quarter. Dodge & Cox now owns 31,986,772 shares of the information services provider’s stock worth $834,535,000 after purchasing an additional 5,382,080 shares during the period. Vanguard Group Inc grew its holdings in shares of JD.Com by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 27,469,471 shares of the information services provider’s stock worth $716,678,000 after purchasing an additional 649,113 shares during the period. Hillhouse Capital Advisors Ltd. purchased a new stake in shares of JD.Com during the 4th quarter worth about $314,813,000. Finally, Fisher Asset Management LLC grew its holdings in shares of JD.Com by 6.2% during the 4th quarter. Fisher Asset Management LLC now owns 11,052,559 shares of the information services provider’s stock worth $231,330,000 after purchasing an additional 640,511 shares during the period. Institutional investors own 47.10% of the company’s stock.
Several equities analysts recently commented on JD shares. Cowen reissued a “neutral” rating on shares of JD.Com in a research report on Wednesday, November 21st. BidaskClub lowered JD.Com from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 22nd. Zacks Investment Research raised JD.Com from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. ValuEngine raised JD.Com from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Finally, MKM Partners reduced their price target on JD.Com from $41.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, December 7th. Fourteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $32.19.
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JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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