JD.com, Inc. (NASDAQ:JD) Position Raised by Fmr LLC

FMR LLC raised its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 41.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,276,992 shares of the information services provider's stock after acquiring an additional 4,445,277 shares during the quarter. FMR LLC owned approximately 0.97% of JD.com worth $611,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new position in JD.com during the 2nd quarter valued at about $28,000. Huntington National Bank boosted its position in shares of 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. Allspring Global Investments Holdings LLC grew its stake in shares of JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider's stock worth $120,000 after buying an additional 1,102 shares during the last quarter. Blue Trust Inc. increased its position in JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock valued at $126,000 after buying an additional 2,360 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in JD.com during the third quarter valued at $183,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Price Performance

NASDAQ JD traded up $0.19 during trading hours on Friday, reaching $37.38. The company's stock had a trading volume of 6,108,807 shares, compared to its average volume of 14,822,362. 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 company's 50-day moving average is $38.94 and its two-hundred day moving average is $31.76. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The stock has a market cap of $58.95 billion, a PE ratio of 11.77, a PEG ratio of 0.30 and a beta of 0.41.

Analyst Upgrades and Downgrades

JD has been the subject of several recent analyst reports. Sanford C. Bernstein decreased their target price on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating for the company in a report on Friday, August 16th. Citigroup decreased their price objective on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company 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 note on Wednesday, October 16th. Loop Capital raised JD.com from a "hold" rating to a "buy" rating and reduced their target price for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Susquehanna reaffirmed a "neutral" rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.