First Pacific Financial Has $632,000 Stake in JD.com, Inc. (NASDAQ:JD)

First Pacific Financial lowered its position in shares of JD.com, Inc. (NASDAQ:JD) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,242 shares of the information services provider’s stock after selling 592 shares during the quarter. First Pacific Financial’s holdings in JD.com were worth $632,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Modus Advisors LLC bought a new position in JD.com during the fourth quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com during the third quarter valued at about $49,000. Huntington National Bank boosted its position in shares of 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 shares of JD.com in the 3rd quarter valued at about $103,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of JD.com by 58.4% during 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 acquiring an additional 1,102 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JD shares. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. 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 report on Friday, November 15th. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Finally, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Price Performance

JD stock opened at $35.42 on Friday. The firm has a 50 day moving average of $36.12 and a 200-day moving average of $33.17. 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 firm has a market capitalization of $55.86 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. JD.com, Inc. has a 12 month low of $20.82 and a 12 month high of $47.82.

About JD.com

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.