UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in JD.com, Inc. (NASDAQ:JD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in JD.com, Inc. (NASDAQ:JD) by 280.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,652 shares of the information services provider’s stock after purchasing an additional 18,916 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in JD.com were worth $1,026,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com during the second quarter valued at approximately $28,000. Huntington National Bank lifted its holdings 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 valued at $74,000 after buying an additional 452 shares during the period. Transamerica Financial Advisors Inc. bought a new position in shares of JD.com in the 3rd quarter worth approximately $103,000. Allspring Global Investments Holdings LLC increased its holdings in JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after buying an additional 1,102 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after acquiring an additional 2,360 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Down 2.2 %

JD opened at $36.44 on Thursday. The firm has a market cap of $57.47 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.31 and a beta of 0.38. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82. The stock has a 50-day moving average of $38.34 and a 200 day moving average of $32.30. 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

Several equities analysts recently weighed in on JD shares. Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. 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. JPMorgan Chase & Co. raised their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays raised their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.36.

About JD.com

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.