Toronto Dominion Bank Has $400,000 Stock Position in JD.com, Inc. (NASDAQ:JD)

Toronto Dominion Bank increased its position in shares of JD.com, Inc. (NASDAQ:JD) by 62.7% during the third quarter, Holdings Channel reports. The fund owned 10,000 shares of the information services provider’s stock after acquiring an additional 3,854 shares during the quarter. Toronto Dominion Bank’s holdings in JD.com were worth $400,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JD. Huntington National Bank boosted its position 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 acquiring an additional 452 shares during the period. SRN Advisors LLC boosted its holdings in shares of JD.com by 1.6% during the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after purchasing an additional 516 shares during the period. Panagora Asset Management Inc. grew its position in JD.com by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after purchasing an additional 719 shares in the last quarter. Douglass Winthrop Advisors LLC increased its stake in JD.com by 4.0% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock valued at $849,000 after buying an additional 820 shares during the period. Finally, QRG Capital Management Inc. lifted its position in JD.com by 3.1% in the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after buying an additional 889 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Stock Down 1.6 %

NASDAQ JD opened at $36.71 on Tuesday. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average is $38.60 and its two-hundred day moving average is $32.21. The company has a market capitalization of $57.90 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.31 and a beta of 0.38.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Barclays upped their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Susquehanna restated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Company 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.