Headwater Capital Co Ltd Buys Shares of 500,000 JD.com, Inc. (NASDAQ:JD)

Headwater Capital Co Ltd acquired a new position in JD.com, Inc. (NASDAQ:JD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 500,000 shares of the information services provider's stock, valued at approximately $17,335,000. JD.com comprises about 9.2% of Headwater Capital Co Ltd's investment portfolio, making the stock its 4th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Advisers LP grew its stake in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after purchasing an additional 4,839,700 shares in the last quarter. FMR LLC increased its stake in shares of JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after buying an additional 4,445,277 shares during the period. National Bank of Canada FI raised its holdings in shares of JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after acquiring an additional 2,211,095 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider's stock worth $161,356,000 after acquiring an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in JD.com during the 3rd quarter worth about $73,311,000. 15.98% of the stock is owned by institutional investors.

JD.com Price Performance

NASDAQ:JD traded up $0.33 during trading hours on Monday, hitting $33.43. 4,332,617 shares of the stock were exchanged, compared to its average volume of 7,469,787. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 52-week low of $20.82 and a 52-week high of $47.82. The company has a market cap of $52.72 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.30 and a beta of 0.39. The firm's fifty day moving average price is $36.42 and its 200 day moving average price is $33.04.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a "hold" rating to a "buy" rating and decreased their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 7th. Benchmark reissued a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. upped 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. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, JD.com has an average rating of "Moderate Buy" and an average target price of $41.36.

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.