SBI Securities Co. Ltd. Takes Position in JD.com, Inc. (NASDAQ:JD)

SBI Securities Co. Ltd. purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,655 shares of the information services provider’s stock, valued at approximately $265,000.

A number of other large investors have also recently modified their holdings of the business. Richardson Financial Services Inc. purchased a new position in shares of JD.com during the 4th quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in shares of JD.com during the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC raised its holdings in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after buying an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com during the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of JD.com during the 3rd quarter valued at about $49,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

JD has been the topic of a number of research reports. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. 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. Citigroup decreased their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Dbs Bank raised JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, Barclays lifted their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus target price of $41.71.

JD.com Price Performance

Shares of JD stock opened at $43.76 on Thursday. The firm has a market cap of $69.01 billion, a P/E ratio of 13.85, a P/E/G ratio of 0.31 and a beta of 0.43. JD.com, Inc. has a fifty-two week low of $23.65 and a fifty-two week high of $47.82. The business’s 50 day moving average price is $38.69 and its 200-day moving average price is $36.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

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.