Modus Advisors LLC Makes New Investment in JD.com, Inc. (NASDAQ:JD)

Modus Advisors LLC purchased a new position in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,183 shares of the information services provider’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JD. Commonwealth Equity Services LLC increased its stake in JD.com by 6.2% in the second quarter. Commonwealth Equity Services LLC now owns 46,285 shares of the information services provider’s stock valued at $1,196,000 after purchasing an additional 2,708 shares during the period. Natixis Advisors LLC raised its stake in JD.com by 467.3% in the 2nd quarter. Natixis Advisors LLC now owns 134,849 shares of the information services provider’s stock valued at $3,484,000 after purchasing an additional 111,079 shares during the last quarter. Ovata Capital Management Ltd purchased a new position in shares of JD.com during the second quarter valued at approximately $919,000. Victory Capital Management Inc. boosted its holdings in shares of JD.com by 81.7% during the second quarter. Victory Capital Management Inc. now owns 25,663 shares of the information services provider’s stock worth $663,000 after purchasing an additional 11,539 shares during the last quarter. Finally, Fluent Financial LLC purchased a new stake in JD.com in the 2nd quarter valued at about $1,885,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Price Performance

Shares of NASDAQ JD opened at $35.34 on Friday. The company has a fifty day moving average price of $37.14 and a 200 day moving average price of $32.72. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The firm has a market cap of $55.74 billion, a PE ratio of 11.18, a PEG ratio of 0.30 and a beta of 0.38. 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

JD has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Citigroup reduced 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. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.