30,000 Shares in JD.com, Inc. (NASDAQ:JD) Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the information services provider's stock, valued at approximately $1,197,000.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in shares of JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock worth $611,080,000 after buying an additional 4,445,277 shares during the last quarter. Hhlr Advisors LTD. increased its position in JD.com by 2,523.0% during the third quarter. Hhlr Advisors LTD. now owns 1,600,000 shares of the information services provider's stock valued at $64,000,000 after acquiring an additional 1,539,000 shares during the last quarter. WT Asset Management Ltd purchased a new stake in JD.com during the third quarter valued at $55,635,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of JD.com by 177.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider's stock worth $74,931,000 after acquiring an additional 1,198,753 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of JD.com by 155.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider's stock worth $66,454,000 after acquiring an additional 1,010,736 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Down 3.7 %

NASDAQ JD traded down $1.37 during trading hours on Wednesday, hitting $35.73. The company had a trading volume of 14,224,922 shares, compared to its average volume of 14,747,232. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a market capitalization of $56.35 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 0.31 and a beta of 0.38. 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 firm's 50 day moving average is $39.39 and its 200 day moving average is $31.83.

Analyst Ratings Changes

Several research firms have commented on JD. Benchmark restated a "buy" rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. JPMorgan Chase & Co. increased their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Susquehanna reaffirmed a "neutral" rating and set a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Finally, Loop Capital raised JD.com from a "hold" rating to a "buy" rating and dropped their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.36.

About JD.com

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.