JD.com, Inc. (NASDAQ:JD) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC boosted its position in JD.com, Inc. (NASDAQ:JD) by 254.5% in the 3rd quarter, Holdings Channel reports. The firm owned 175,645 shares of the information services provider’s stock after acquiring an additional 126,094 shares during the quarter. Townsquare Capital LLC’s holdings in JD.com were worth $7,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polunin Capital Partners Ltd boosted its holdings in shares of JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after purchasing an additional 447,264 shares during the last quarter. Seven Grand Managers LLC acquired a new position in JD.com during the third quarter worth $16,800,000. SG Americas Securities LLC grew its holdings in JD.com by 55.8% in the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after buying an additional 33,771 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of JD.com by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock worth $10,110,000 after acquiring an additional 63,800 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock worth $16,012,000 after acquiring an additional 36,096 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 5.3 %

Shares of NASDAQ:JD opened at $37.19 on Friday. The firm has a market capitalization of $58.65 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.28 and a beta of 0.41. JD.com, Inc. has a 1 year low of $20.82 and a 1 year high of $47.82. 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 firm’s 50-day moving average is $38.94 and its two-hundred day moving average is $31.76.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup cut their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Sanford C. Bernstein cut their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Finally, StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. 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, the company has a consensus rating of “Moderate Buy” and an average price target 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.