Channing Global Advisors LLC Raises Position in JD.com, Inc. (NASDAQ:JD)

Channing Global Advisors LLC boosted its position in JD.com, Inc. (NASDAQ:JD) by 33.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,618 shares of the information services provider’s stock after purchasing an additional 4,620 shares during the period. Channing Global Advisors LLC’s holdings in JD.com were worth $745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JD. FMR LLC boosted its position in JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares during the period. WT Asset Management Ltd bought a new position in JD.com in the 3rd quarter worth approximately $55,635,000. Robeco Institutional Asset Management B.V. boosted its holdings in JD.com by 177.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider’s stock worth $74,931,000 after buying an additional 1,198,753 shares during the period. Charles Schwab Investment Management Inc. grew its stake in JD.com by 155.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider’s stock valued at $66,454,000 after buying an additional 1,010,736 shares in the last quarter. Finally, Veritas Asset Management LLP bought a new stake in JD.com during the 3rd quarter valued at $29,642,000. 15.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

JD has been the subject of several recent research reports. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. lifted 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. Susquehanna reiterated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. Barclays 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. Finally, StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.36.

JD.com Stock Up 5.3 %

JD opened at $37.19 on Friday. The business’s fifty day simple moving average is $38.94 and its 200 day simple moving average is $31.76. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market cap of $58.65 billion, a PE ratio of 11.77, a P/E/G ratio of 0.30 and a beta of 0.41.

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.