First Republic Investment Management Inc. boosted its position in shares of JD.com, Inc. (NASDAQ:JD) by 53.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,556 shares of the information services provider’s stock after purchasing an additional 5,769 shares during the quarter. First Republic Investment Management Inc.’s holdings in JD.com were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JD. Bessemer Group Inc. bought a new stake in JD.com during the 3rd quarter valued at $101,000. Highstreet Asset Management Inc. bought a new stake in JD.com during the 2nd quarter valued at $127,000. Advisor Group Inc. boosted its position in JD.com by 253.0% during the 3rd quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after acquiring an additional 2,907 shares in the last quarter. IFP Advisors Inc boosted its position in JD.com by 585.2% during the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after acquiring an additional 4,184 shares in the last quarter. Finally, Bank Pictet & Cie Asia Ltd. bought a new stake in JD.com during the 3rd quarter valued at $206,000. Institutional investors own 44.99% of the company’s stock.
JD has been the topic of several recent research reports. UBS raised JD.com from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. MKM Partners raised JD.com from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $51.00 in a research report on Wednesday, August 23rd. They noted that the move was a valuation call. Vetr cut JD.com from a “strong-buy” rating to a “buy” rating and set a $44.44 price objective for the company. in a research report on Thursday, September 28th. KeyCorp set a $49.00 price objective on JD.com and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Nomura raised their price objective on JD.com from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.65.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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