Park Avenue Securities LLC Grows Holdings in JD.com, Inc. (NASDAQ:JD)

Park Avenue Securities LLC lifted its position in shares of JD.com, Inc. (NASDAQ:JD) by 68.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,125 shares of the information services provider’s stock after acquiring an additional 15,542 shares during the quarter. Park Avenue Securities LLC’s holdings in JD.com were worth $1,322,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Modus Advisors LLC purchased a new stake in JD.com in the 4th quarter worth $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com during the third quarter worth about $49,000. Huntington National Bank raised its position in shares of JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new position in JD.com in the 3rd quarter valued at about $103,000. Finally, Allspring Global Investments Holdings LLC increased its stake in JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after buying an additional 1,102 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

Shares of JD opened at $39.00 on Monday. The firm has a market capitalization of $61.51 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39. The firm’s fifty day simple moving average is $36.02 and its 200-day simple moving average is $33.33. JD.com, Inc. has a twelve month low of $20.82 and a twelve month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and cut their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Finally, Barclays lifted their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

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.