Range Financial Group LLC Purchases Shares of 23,778 JD.com, Inc. (NASDAQ:JD)

Range Financial Group LLC bought a new position in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,778 shares of the information services provider’s stock, valued at approximately $824,000.

Other large investors have also recently bought and sold shares of the company. Two Sigma Advisers LP boosted its holdings in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares in the last quarter. FMR LLC grew its position in shares of JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after acquiring an additional 4,445,277 shares during the period. National Bank of Canada FI increased its stake in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after purchasing an additional 2,211,095 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after purchasing an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in JD.com in the third quarter valued at approximately $73,311,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Performance

NASDAQ:JD traded down $0.16 during mid-day trading on Tuesday, reaching $34.98. 5,857,199 shares of the stock were exchanged, compared to its average volume of 6,868,293. The company has a 50 day simple moving average of $36.92 and a 200-day simple moving average of $32.86. The stock has a market capitalization of $55.17 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.30 and a beta of 0.39. JD.com, Inc. has a 1 year low of $20.82 and a 1 year 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.

Analyst Ratings Changes

A number of equities analysts have weighed in on JD shares. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. 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 note on Wednesday, October 16th. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Finally, Barclays increased their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.