Citigroup Inc. boosted its position in JD.com, Inc. (NASDAQ:JD - Free Report) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400,294 shares of the information services provider's stock after buying an additional 36,096 shares during the quarter. Citigroup Inc.'s holdings in JD.com were worth $16,012,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. WT Asset Management Ltd acquired a new stake in shares of JD.com in the third quarter worth $55,635,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of JD.com by 177.7% during the 3rd 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 period. Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 1,010,736 shares during the last quarter. Veritas Asset Management LLP bought a new stake in shares of JD.com in the third quarter valued at about $29,642,000. Finally, Varma Mutual Pension Insurance Co grew its position in JD.com by 285.0% during the second quarter. Varma Mutual Pension Insurance Co now owns 946,300 shares of the information services provider's stock worth $24,452,000 after buying an additional 700,500 shares in the last quarter. Institutional investors own 15.98% of the company's stock.
JD.com Price Performance
Shares of NASDAQ:JD traded up $1.86 during trading on Thursday, reaching $37.19. The stock had a trading volume of 15,474,985 shares, compared to its average volume of 14,860,384. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The business's 50-day moving average price is $38.94 and its 200 day moving average price is $31.76. 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 $58.65 billion, a PE ratio of 11.77, a P/E/G ratio of 0.28 and a beta of 0.41.
Wall Street Analysts Forecast Growth
JD has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Loop Capital raised JD.com from a "hold" rating to a "buy" rating and decreased their target price for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein decreased their target price on JD.com from $35.00 to $32.00 and set a "market perform" rating on the stock in a research report on Friday, August 16th. Barclays lifted their target price on JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, JD.com currently has an average rating of "Moderate Buy" and an average target price of $40.36.
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JD.com Company Profile
(
Free Report)
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.
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