Polunin Capital Partners Ltd lowered its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,024,517 shares of the information services provider's stock after selling 34,400 shares during the period. JD.com accounts for approximately 17.9% of Polunin Capital Partners Ltd's holdings, making the stock its largest position. Polunin Capital Partners Ltd owned about 0.13% of JD.com worth $70,190,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Two Sigma Advisers LP boosted its stake in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after purchasing an additional 4,839,700 shares during the period. FMR LLC boosted its position in shares of JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after acquiring an additional 4,445,277 shares during the period. National Bank of Canada FI grew its stake 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. increased its position in JD.com by 117.1% during 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 acquired a new stake in JD.com in the 3rd quarter worth about $73,311,000. 15.98% of the stock is currently owned by institutional investors.
JD.com Trading Down 3.1 %
NASDAQ JD traded down $1.32 on Tuesday, hitting $40.85. The company's stock had a trading volume of 7,615,935 shares, compared to its average volume of 10,114,332. The firm has a market cap of $64.42 billion, a PE ratio of 12.93, a PEG ratio of 0.30 and a beta of 0.40. The company's 50-day moving average is $37.42 and its 200 day moving average is $34.89. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com, Inc. has a 1-year low of $21.18 and a 1-year high of $47.82.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on JD. Benchmark reiterated a "buy" rating and issued a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and upped their target price for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Citigroup decreased their price target on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. 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 report on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their price target 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. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.36.
Check Out Our Latest Report on JD.com
About JD.com
(
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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