Bamco Inc. NY Purchases New Position in JD.com, Inc. (NASDAQ:JD)

by · The Cerbat Gem

Bamco Inc. NY acquired a new stake in shares of JD.com, Inc. (NASDAQ:JD – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 808,508 shares of the information services provider’s stock, valued at approximately $32,340,000. Bamco Inc. NY owned 0.05% of JD.com as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of JD. Atlas Capital Advisors LLC acquired a new stake in shares of JD.com during the second quarter worth about $28,000. Huntington National Bank increased its stake in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in JD.com during the 3rd quarter worth approximately $103,000. Allspring Global Investments Holdings LLC lifted its stake in JD.com by 58.4% in 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 buying 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 worth $126,000 after acquiring an additional 2,360 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 0.2 %

Shares of NASDAQ:JD opened at $37.47 on Tuesday. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82. The business has a 50 day moving average of $39.12 and a 200-day moving average of $31.76. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market cap of $59.09 billion, a PE ratio of 11.86, a P/E/G ratio of 0.31 and a beta of 0.41.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Citigroup cut their target price 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. JPMorgan Chase & Co. raised their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.36.

View Our Latest Stock Report on JD

JD.com Company Profile

(Free Report)

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.

See Also

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