Stifel Financial Corp Acquires 46,130 Shares of JD.com, Inc. (NASDAQ:JD)

Stifel Financial Corp raised its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 35.9% in the third quarter, Holdings Channel.com reports. The firm owned 174,512 shares of the information services provider’s stock after purchasing an additional 46,130 shares during the period. Stifel Financial Corp’s holdings in JD.com were worth $6,981,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JD. Atlas Capital Advisors LLC bought a new position in shares of JD.com during the second quarter valued at approximately $28,000. Huntington National Bank increased its position in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after acquiring an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of JD.com during the third quarter valued at approximately $103,000. Allspring Global Investments Holdings LLC increased its position in shares of 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 acquiring an additional 1,102 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target 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. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Barclays raised their price target 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. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Trading Down 2.2 %

Shares of JD.com stock opened at $37.29 on Friday. The company’s fifty day simple moving average is $38.81 and its 200-day simple moving average is $32.13. The stock has a market capitalization of $58.81 billion, a PE ratio of 11.80, a P/E/G ratio of 0.31 and a beta of 0.38. 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.

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.