5,880 Shares in JD.com, Inc. (NASDAQ:JD) Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC purchased a new position in JD.com, Inc. (NASDAQ:JD) in the fourth quarter, Holdings Channel reports. The fund purchased 5,880 shares of the information services provider’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JD. Two Sigma Advisers LP raised its stake in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. FMR LLC boosted its position in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the period. National Bank of Canada FI grew its stake in JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. increased its position in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after buying an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in JD.com in the third quarter valued at approximately $73,311,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

JD.com Stock Up 5.2 %

JD stock opened at $40.72 on Monday. JD.com, Inc. has a 52 week low of $21.18 and a 52 week 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. The company has a market cap of $64.22 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.29 and a beta of 0.39. The company’s 50-day moving average price is $36.35 and its 200 day moving average price is $33.76.

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.