Caas Capital Management LP Purchases 23,421 Shares of JD.com, Inc. (NASDAQ:JD)

Caas Capital Management LP boosted its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,080 shares of the information services provider's stock after purchasing an additional 23,421 shares during the period. JD.com comprises approximately 0.4% of Caas Capital Management LP's holdings, making the stock its 13th largest holding. Caas Capital Management LP's holdings in JD.com were worth $2,568,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in shares of JD.com during the fourth quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in shares of JD.com during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its position in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after acquiring an additional 417 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of JD.com in the 4th quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of JD.com during the third quarter valued at approximately $49,000. Institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

Shares of JD.com stock traded up $0.16 during trading on Friday, hitting $40.17. 8,322,665 shares of the company's stock traded hands, compared to its average volume of 10,189,942. JD.com, Inc. has a 1 year low of $21.18 and a 1 year high of $47.82. The business has a 50-day simple moving average of $37.27 and a 200-day simple moving average of $34.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market capitalization of $63.35 billion, a P/E ratio of 12.71, a PEG ratio of 0.30 and a beta of 0.40.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Barclays lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and lowered their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and a consensus 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.