JD.com, Inc. (NASDAQ:JD) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,072,599 shares of the information services provider's stock after purchasing an additional 336,740 shares during the quarter. Fisher Asset Management LLC owned about 0.26% of JD.com worth $162,904,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. WT Asset Management Ltd purchased a new stake in JD.com in the third quarter valued at approximately $55,635,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of JD.com by 177.7% during 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 purchasing an additional 1,198,753 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in JD.com by 155.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,661,357 shares of the information services provider's stock valued at $66,454,000 after purchasing an additional 1,010,736 shares during the period. Veritas Asset Management LLP purchased a new stake in JD.com in the third quarter valued at $29,642,000. Finally, Varma Mutual Pension Insurance Co grew its position in JD.com by 285.0% during the 2nd quarter. Varma Mutual Pension Insurance Co now owns 946,300 shares of the information services provider's stock worth $24,452,000 after purchasing an additional 700,500 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Price Performance

Shares of NASDAQ JD traded up $0.82 during mid-day trading on Tuesday, reaching $35.33. The company's stock had a trading volume of 10,162,461 shares, compared to its average volume of 14,857,763. The stock has a market capitalization of $55.72 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.29 and a beta of 0.41. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The stock has a 50-day moving average of $38.40 and a two-hundred day moving average of $31.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JD. StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a report on Friday. Sanford C. Bernstein lowered their price target on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating on the stock in a report on Friday, August 16th. Benchmark reaffirmed a "buy" rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Loop Capital raised shares of JD.com from a "hold" rating to a "buy" rating and lowered their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, Barclays lifted their price target on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.36.

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.