ARGA Investment Management LP Acquires 10,690 Shares of JD.com, Inc. (NASDAQ:JD)

ARGA Investment Management LP lifted its stake in JD.com, Inc. (NASDAQ:JD - Free Report) by 37.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,440 shares of the information services provider's stock after purchasing an additional 10,690 shares during the period. ARGA Investment Management LP's holdings in JD.com were worth $1,367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after purchasing an additional 417 shares during the period. Huntington National Bank lifted its holdings in JD.com by 32.1% in 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. SRN Advisors LLC boosted its stake in JD.com by 1.6% in the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider's stock worth $1,288,000 after purchasing an additional 516 shares during the period. Crossmark Global Holdings Inc. grew its holdings in JD.com by 0.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider's stock valued at $3,487,000 after buying an additional 597 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in shares of JD.com during the fourth quarter valued at approximately $27,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Trading Up 0.4 %

NASDAQ JD traded up $0.16 on Friday, hitting $40.17. 8,322,665 shares of the stock were exchanged, compared to its average volume of 10,550,680. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a fifty day moving average price of $37.32 and a two-hundred day moving average price of $34.65. The firm has a market capitalization of $63.35 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.30 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.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 31st. Loop Capital upgraded JD.com from a "hold" rating to a "buy" rating and decreased their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Citigroup decreased 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. Finally, JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.36.

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.