Matthews International Capital Management LLC Has $368,000 Position in JD.com, Inc. (NASDAQ:JD)

Matthews International Capital Management LLC lessened its holdings in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 64.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,603 shares of the information services provider's stock after selling 19,462 shares during the period. Matthews International Capital Management LLC's holdings in JD.com were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in shares of JD.com by 9.6% during the second quarter. Envestnet Asset Management Inc. now owns 161,928 shares of the information services provider's stock valued at $4,184,000 after acquiring an additional 14,210 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of JD.com by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 240,458 shares of the information services provider's stock valued at $6,213,000 after acquiring an additional 3,814 shares during the period. Sei Investments Co. increased its stake in shares of JD.com by 4.3% during the second quarter. Sei Investments Co. now owns 202,723 shares of the information services provider's stock valued at $5,238,000 after acquiring an additional 8,295 shares during the period. Bank of Montreal Can acquired a new position in shares of JD.com during the second quarter valued at approximately $645,000. Finally, Creative Planning increased its stake in shares of JD.com by 5.1% during the second quarter. Creative Planning now owns 180,458 shares of the information services provider's stock valued at $4,663,000 after acquiring an additional 8,782 shares during the period. Institutional investors own 15.98% of the company's stock.

JD.com Price Performance

Shares of JD stock traded up $0.77 during trading hours on Tuesday, reaching $41.07. 7,817,721 shares of the company were exchanged, compared to its average volume of 10,138,500. JD.com, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $47.82. The stock's fifty day moving average is $36.45 and its two-hundred day moving average is $33.90. The company has a market cap of $64.77 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 0.29 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of JD.com from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Citigroup lowered their price objective on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Benchmark reiterated a "buy" rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Two equities research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.36.

JD.com 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.