Alberta Investment Management Corp grew its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 504,519 shares of the information services provider's stock after purchasing an additional 102,326 shares during the quarter. Alberta Investment Management Corp's holdings in JD.com were worth $17,492,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Polunin Capital Partners Ltd raised its stake in JD.com by 27.8% during the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider's stock worth $82,291,000 after purchasing an additional 447,264 shares during the period. Citigroup Inc. increased its holdings in shares of JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock worth $16,012,000 after buying an additional 36,096 shares during the last quarter. Maple Rock Capital Partners Inc. raised its position in shares of JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock worth $143,086,000 after buying an additional 200,200 shares during the period. KBC Group NV boosted its holdings in JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after acquiring an additional 242,409 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock worth $88,580,000 after acquiring an additional 2,211,095 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
JD.com Stock Up 2.9 %
Shares of JD.com stock traded up $1.20 on Friday, hitting $42.39. 21,817,406 shares of the company's stock traded hands, compared to its average volume of 11,675,504. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm's 50-day moving average is $37.78 and its 200 day moving average is $35.55. The stock has a market cap of $66.85 billion, a P/E ratio of 13.41, a PEG ratio of 0.29 and a beta of 0.40. JD.com, Inc. has a 52-week low of $21.18 and a 52-week high of $47.82.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Citigroup dropped their price objective on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Friday, November 15th. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Benchmark reiterated a "buy" rating and issued a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Finally, Dbs Bank upgraded JD.com to a "strong-buy" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $41.36.
Check Out Our Latest Report on JD
About JD.com
(
Free Report)
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.
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