Tower Research Capital LLC TRC raised its holdings in JD.Com Inc (NASDAQ:JD) by 358.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,162 shares of the information services provider’s stock after buying an additional 17,332 shares during the quarter. Tower Research Capital LLC TRC’s holdings in JD.Com were worth $918,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its stake in JD.Com by 4.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,398,210 shares of the information services provider’s stock valued at $99,334,000 after buying an additional 98,792 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of JD.Com by 24.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,614,399 shares of the information services provider’s stock worth $66,869,000 after purchasing an additional 314,852 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of JD.Com by 148.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 26,791 shares of the information services provider’s stock worth $1,110,000 after purchasing an additional 16,006 shares during the last quarter. Shell Asset Management Co. purchased a new position in shares of JD.Com in the fourth quarter worth about $5,106,000. Finally, Kontiki Capital Management HK Ltd. purchased a new position in shares of JD.Com in the fourth quarter worth about $70,878,000. Institutional investors own 44.78% of the company’s stock.
Several brokerages have recently issued reports on JD. Zacks Investment Research upgraded JD.Com from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, February 14th. Vetr cut JD.Com from a “buy” rating to a “hold” rating and set a $48.78 price objective for the company. in a research note on Friday, January 26th. Sanford C. Bernstein restated a “market perform” rating and issued a $47.00 price objective (up from $40.00) on shares of JD.Com in a research note on Wednesday, January 31st. BidaskClub upgraded JD.Com from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Finally, KeyCorp raised their price objective on JD.Com from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $48.59.
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JD.Com Company Profile
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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