Pinnacle Associates Ltd. acquired a new position in shares of JD.Com Inc (NASDAQ:JD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,240 shares of the information services provider’s stock, valued at approximately $507,000.
A number of other hedge funds have also recently modified their holdings of JD. Bessemer Group Inc. bought a new stake in JD.Com during the 3rd quarter worth $101,000. Northwestern Mutual Wealth Management Co. bought a new stake in JD.Com during the 4th quarter worth $135,000. Advisor Group Inc. grew 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 worth $154,000 after acquiring an additional 2,907 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in JD.Com by 58.3% during the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 3,800 shares of the information services provider’s stock worth $157,000 after acquiring an additional 1,400 shares during the last quarter. Finally, CENTRAL TRUST Co bought a new stake in JD.Com during the 4th quarter worth $166,000. Institutional investors and hedge funds own 44.78% of the company’s stock.
Shares of JD.Com Inc (NASDAQ:JD) opened at $47.04 on Wednesday. JD.Com Inc has a 52-week low of $29.88 and a 52-week high of $50.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. The company has a market capitalization of $69,489.45, a PE ratio of 2,440.00 and a beta of 1.52.
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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