JD.com, Inc. (NASDAQ:JD) Shares Bought by KBC Group NV

KBC Group NV lifted its holdings in JD.com, Inc. (NASDAQ:JD - Free Report) by 213.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 356,019 shares of the information services provider's stock after purchasing an additional 242,409 shares during the period. KBC Group NV's holdings in JD.com were worth $12,343,000 at the end of the most recent quarter.

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

JD.com Trading Up 4.9 %

Shares of JD.com stock traded up $1.96 on Thursday, reaching $42.22. The company had a trading volume of 5,314,166 shares, compared to its average volume of 9,903,495. JD.com, Inc. has a 52-week low of $21.18 and a 52-week high of $47.82. The firm's 50 day moving average price is $36.67 and its two-hundred day moving average price is $34.03. The firm has a market cap of $66.58 billion, a PE ratio of 13.35, a PEG ratio of 0.29 and a beta of 0.39. 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

JD has been the subject of several research reports. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and decreased their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark restated a "buy" rating and set a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their price target on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Citigroup reduced their price objective on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Finally, StockNews.com upgraded JD.com from a "buy" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.36.

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.