Charles Schwab Investment Management Inc. Raises Position in JD.com, Inc. (NASDAQ:JD)

Charles Schwab Investment Management Inc. boosted its position in JD.com, Inc. (NASDAQ:JD) by 155.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,661,357 shares of the information services provider’s stock after purchasing an additional 1,010,736 shares during the period. Charles Schwab Investment Management Inc. owned about 0.11% of JD.com worth $66,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Advisors Asset Management Inc. grew its position in shares of JD.com by 85.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,776 shares of the information services provider’s stock valued at $791,000 after acquiring an additional 9,112 shares during the period. PNC Financial Services Group Inc. grew its holdings in JD.com by 2.5% during the third quarter. PNC Financial Services Group Inc. now owns 52,425 shares of the information services provider’s stock valued at $2,097,000 after purchasing an additional 1,267 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in JD.com in the third quarter worth $453,000. Mount Lucas Management LP bought a new stake in shares of JD.com in the third quarter valued at $8,000,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of JD.com during the 3rd quarter valued at $1,848,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Price Performance

JD stock opened at $37.19 on Friday. The firm has a 50 day simple moving average of $38.94 and a two-hundred day simple moving average of $31.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market cap of $58.65 billion, a PE ratio of 11.77, a P/E/G ratio of 0.28 and a beta of 0.41. JD.com, Inc. has a one year low of $20.82 and a one year high of $47.82.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JD shares. JPMorgan Chase & Co. boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein dropped their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Benchmark reiterated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Susquehanna restated a “neutral” rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and an average target price of $40.36.

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.