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

Channing Global Advisors LLC boosted its holdings in JD.com, Inc. (NASDAQ:JD) by 33.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of JD.com by 24.0% in the first quarter. Advisors Asset Management Inc. now owns 10,433 shares of the information services provider’s stock worth $286,000 after buying an additional 2,022 shares during the period. Tidal Investments LLC bought a new position in shares of JD.com during the first quarter valued at about $849,000. Cetera Advisors LLC bought a new position in shares of JD.com during the first quarter valued at about $280,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of JD.com by 20.9% in the first 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 purchasing an additional 63,800 shares during the last quarter. Finally, SRN Advisors LLC grew its stake in shares of JD.com by 89.3% in the first quarter. SRN Advisors LLC now owns 56,644 shares of the information services provider’s stock worth $1,551,000 after purchasing an additional 26,726 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JD shares. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Citigroup decreased their price objective 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. Sanford C. Bernstein cut their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Finally, StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average price target of $40.36.

JD.com Stock Up 5.3 %

JD stock opened at $37.19 on Friday. The business has a 50 day moving average of $38.94 and a 200 day moving average of $31.76. The firm has a market cap of $58.65 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.30 and a beta of 0.41. JD.com, Inc. has a twelve month low of $20.82 and a twelve month 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.

JD.com 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.