49,124 Shares in JD.com, Inc. $JD Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in JD.com, Inc. (NASDAQ:JD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 49,124 shares of the information services provider’s stock, valued at approximately $1,603,000.

A number of other large investors have also recently modified their holdings of JD. Rehmann Capital Advisory Group increased its position in shares of JD.com by 6.4% in the second quarter. Rehmann Capital Advisory Group now owns 7,018 shares of the information services provider’s stock worth $229,000 after purchasing an additional 421 shares during the last quarter. Guinness Asset Management LTD grew its stake in JD.com by 13.5% in the 1st quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider’s stock worth $151,000 after buying an additional 439 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of JD.com by 22.2% in the 1st quarter. Harbour Investments Inc. now owns 2,720 shares of the information services provider’s stock worth $112,000 after buying an additional 494 shares during the last quarter. Quintet Private Bank Europe S.A. raised its position in shares of JD.com by 6.4% during the 2nd quarter. Quintet Private Bank Europe S.A. now owns 8,313 shares of the information services provider’s stock valued at $271,000 after buying an additional 500 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in shares of JD.com by 6.8% during the 2nd quarter. PDS Planning Inc now owns 8,256 shares of the information services provider’s stock worth $269,000 after acquiring an additional 524 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup started coverage on shares of JD.com in a research report on Monday, August 11th. They issued a “buy” rating and a $42.00 target price for the company. Arete upgraded JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Friday, September 26th. Benchmark reduced their price objective on JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of JD.com in a research report on Wednesday, October 8th. Finally, Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.92.

JD.com Trading Up 0.6%

Shares of JD stock opened at $31.61 on Wednesday. The business has a 50-day moving average of $33.60 and a 200 day moving average of $32.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90. JD.com, Inc. has a 1-year low of $29.90 and a 1-year high of $46.44. The stock has a market capitalization of $45.28 billion, a PE ratio of 8.88, a P/E/G ratio of 3.19 and a beta of 0.41.

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.