Wedbush Securities Inc. acquired a new stake in shares of JD.Com Inc (NASDAQ:JD) during the first quarter, Holdings Channel reports. The fund acquired 8,800 shares of the information services provider’s stock, valued at approximately $265,000.
Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC increased its position in shares of JD.Com by 669.2% during the 1st quarter. FNY Investment Advisers LLC now owns 10,000 shares of the information services provider’s stock valued at $301,000 after purchasing an additional 8,700 shares during the last quarter. Virtu Financial LLC increased its position in shares of JD.Com by 298.5% during the 1st quarter. Virtu Financial LLC now owns 49,797 shares of the information services provider’s stock valued at $1,501,000 after purchasing an additional 37,300 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of JD.Com during the 1st quarter valued at about $78,000. Global Thematic Partners LLC increased its position in shares of JD.Com by 37.3% during the 1st quarter. Global Thematic Partners LLC now owns 332,756 shares of the information services provider’s stock valued at $10,033,000 after purchasing an additional 90,368 shares during the last quarter. Finally, DNB Asset Management AS purchased a new stake in shares of JD.Com during the 1st quarter valued at about $304,000. 47.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of JD opened at $29.23 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.87 and a debt-to-equity ratio of 0.16. JD.Com Inc has a 1 year low of $19.21 and a 1 year high of $45.23. The company has a market cap of $35.85 billion, a price-to-earnings ratio of -974.33 and a beta of 1.32.
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JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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