Nkcfo LLC grew its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 1,951.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the information services provider's stock after purchasing an additional 11,415 shares during the period. Nkcfo LLC's holdings in JD.com were worth $416,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. FMR LLC raised its stake 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 in the last quarter. Two Sigma Advisers LP raised its stake in shares of 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 valued at $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of JD.com by 9.0% in the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider's stock valued at $162,904,000 after acquiring an additional 336,740 shares in the last quarter. Point72 Asset Management L.P. increased its holdings 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 valued at $161,356,000 after buying an additional 2,175,568 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. increased its holdings in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider's stock valued at $143,086,000 after buying an additional 200,200 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.
JD.com Stock Performance
Shares of NASDAQ JD traded up $0.28 during midday trading on Wednesday, reaching $39.19. 10,170,533 shares of the company were exchanged, compared to its average volume of 11,126,300. 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 1 year low of $21.18 and a 1 year high of $47.82. The stock has a fifty day simple moving average of $37.70 and a 200 day simple moving average of $35.49. The stock has a market cap of $61.81 billion, a P/E ratio of 12.40, a PEG ratio of 0.31 and a beta of 0.40.
Analyst Ratings Changes
Several research firms recently commented on JD. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Sanford C. Bernstein raised JD.com from a "market perform" rating to an "outperform" rating and increased their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Citigroup dropped their target price on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Finally, Benchmark reissued a "buy" rating and issued a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, JD.com currently has an average rating of "Moderate Buy" and a consensus price target of $41.36.
Check Out Our Latest Research Report on JD
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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