Nordea Investment Management AB Buys 30,140 Shares of JD.com, Inc. (NASDAQ:JD)

Nordea Investment Management AB increased its position in shares of JD.com, Inc. (NASDAQ:JD - Free Report) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,509 shares of the information services provider's stock after acquiring an additional 30,140 shares during the quarter. Nordea Investment Management AB's holdings in JD.com were worth $15,821,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JD. Two Sigma Advisers LP increased its holdings in shares of 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 increased its stake in JD.com by 41.0% in the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after buying an additional 4,445,277 shares during the period. National Bank of Canada FI lifted its position in JD.com by 65,089.6% in the 3rd 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 in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of JD.com by 117.1% during the 3rd 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 acquiring an additional 2,175,568 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of JD.com in the third quarter worth $73,311,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

JD.com Stock Performance

JD stock traded down $0.26 during midday trading on Thursday, hitting $34.72. The stock had a trading volume of 5,981,313 shares, compared to its average volume of 7,081,399. JD.com, Inc. has a 52 week low of $20.82 and a 52 week high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $36.57 and a 200 day simple moving average of $32.93. The firm has a market capitalization of $54.76 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.30 and a beta of 0.39.

Analysts Set New Price Targets

A number of research analysts have commented on JD shares. Citigroup lowered their target price on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Loop Capital upgraded JD.com from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. JPMorgan Chase & Co. boosted their target price 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. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Finally, Benchmark reiterated a "buy" rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, JD.com presently has an average rating of "Moderate Buy" and a consensus target price of $41.36.

About JD.com

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.