JD.com, Inc. $JD Shares Purchased by Lakeshore Capital Group Inc.

Lakeshore Capital Group Inc. boosted its position in JD.com, Inc. (NASDAQ:JD) by 15.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,620 shares of the information services provider’s stock after purchasing an additional 2,098 shares during the quarter. Lakeshore Capital Group Inc.’s holdings in JD.com were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock valued at $66,000 after purchasing an additional 308 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in JD.com by 21.4% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider’s stock valued at $93,000 after purchasing an additional 400 shares during the last quarter. Guinness Asset Management LTD raised its stake in JD.com by 13.5% in the 1st quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider’s stock valued at $151,000 after purchasing an additional 439 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in JD.com by 7.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 6,597 shares of the information services provider’s stock valued at $271,000 after purchasing an additional 474 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in JD.com by 22.2% in the 1st quarter. Harbour Investments Inc. now owns 2,720 shares of the information services provider’s stock valued at $112,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Down 2.8%

Shares of NASDAQ:JD opened at $34.89 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22. JD.com, Inc. has a 1 year low of $29.90 and a 1 year high of $46.44. The stock has a market capitalization of $49.98 billion, a P/E ratio of 9.80, a PEG ratio of 4.05 and a beta of 0.39. The stock has a 50-day simple moving average of $32.86 and a 200-day simple moving average of $33.75.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JD. Arete raised shares of JD.com from a “sell” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday, September 26th. Arete Research set a $41.00 price objective on shares of JD.com in a research note on Friday, September 26th. UBS Group dropped their price objective on shares of JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. Morgan Stanley dropped their price objective on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Finally, Citigroup began coverage on shares of JD.com in a research note on Monday, August 11th. They set a “buy” rating and a $42.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.86.

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.